The Energy Myth That Won't Die

The renewed prospect of $4.00 or even $5.00 per gallon gasoline has brought greater urgency, if not clarity, to a debate about national energy policy. Predictably, the response of liberal energy navel-gazers has been off the mark. According to this group, the answer to the liquid motor fuel supply problem is...more ethanol. Ethanol remains a case study in poor choices and the negative effects of government intervention in markets. The problems with alcohol-based "renewable" fuels are well-documented. Both corn-based and cellulosic ethanol have significant drawbacks, not the least of which is that artificial demand for corn to produce ethanol is driving up global food prices and contributing to civil unrest in parts of the world. Using carbohydrates to replace hydrocarbons is not nearly as simple as the words politicians use to promote the practice, and the outcomes from converting carbohydrates to fuel are not as benign as they would have us believe.Not only is the EPA...(Read Full Article)