Ethanol Snake Oil

by Dollars and Sense

BusinessWeek has an exposé on the pitfalls of ethanol.

*It isn't better for the environment than oil;

*It saves little energy if any;

*It decreases fuel efficiency;

*It increases the cost of food around the globe.

And now, as the EPA is mulling rule changes that would mandate an increase in the percentage of ethanol in fuel (as the ethanol industry is in the midst of its own financial crisis), the article explains that there is a growing consensus that ethanol destroys car engines and fuel systems.

Read the full article here.

--d.f.

Labels: EPA, ethanol, oil and gas industry

 

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5/16/2009 11:51:00 PM