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The New Ethanol Mantra: American As Apple Pie?
By Mr Ethanol | November 15, 2007
CNET News:
In the battle for congressional funding, sounding the national security alarm is a proven winner.
So it is that the Renewable Fuels Association–yes, there’s a trade group for everything under the sun, folks–is arguing that renewable fuel is “critical to reducing dangers associated to increasing foreign oil dependence.”
That’s the headline of a press release which crossed the wires earlier today. And to be fair, you can make a strong argument that energy alternatives, which include renewable fuels, offer a way out of our reliance upon Middle Eastern (and Venezuelan) oil.
The problem with ethanol, as I and others have written in this space, is that it’s only a half measure–and an expensive one. Not to mention that there’s an opportunity cost: Inefficient investments in biofuels means that those same billions of dollars don’t go into developing better ways of generating energy…
Topics: Energy, Ethanol, News, Oil |
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