John Stossel: When everyone in politics jumps on a bandwagon like ethanol, I start to wonder if there's something wrong with it. And there is. Except for that fact that ethanol comes from corn, nothing you're told about it is true.
A simple question first. If ethanol's so good, why does it need government subsidies? Shouldn't producers be eager to make it, knowing that thrilled consumers will reward them with profits?
But consumers won't reward them, because without subsidies, ethanol would cost much more than gasoline. The claim that using ethanol will save energy is another myth.
More...
No comments:
Post a Comment