Ethanol is a failure

Professor Mark Perry reports:

Only in the skewed reality of an industry-funded special interest lobbying group could a government-mandated policy forcing an artificial market for corn ethanol on the American public be passed off as a conservative, free market policy. And yet, corn ethanol’s newest cheerleader – a lobbying group called Americans for Energy Security and Innovation -- is attempting to make the case that this failed mandate is a silver bullet for achieving energy security, improving our environment, and saving consumers pain at the pump. It’s a flawed position that isn’t supported by the scientific and economic facts.

If there’s anything we know about Washington lobbying groups (as well as politicians), it’s that just because they say something, it doesn’t mean it’s true. And in the case of corn ethanol lobbyists, that couldn’t be more spot-on. Here’s the reality that the ethanol lobby refuses to acknowledge – America is more energy secure today than at any time since the early 1970s thanks to American free-market ingenuity and revolutionary made-in-the-USA technologies that have unlocked our country’s abundant shale resources.

An article well worth your time.