Summary
The idiocy that is homegrown corn-based ethanol and the politics that protect it have done nothing but add more pain at the pump for motorists who are forced to swallow its cost.
Under the Renewable Fuel Standard (RFS) in 2005's Energy Policy Act and subsequent revisions to the RFS, Congress has dictated that billions of gallons of renewable fuel must be increasingly blended with the nation's gasoline supply by 2022. What the enablers of this policy didn't envision was a spike in the price of corn.See the full content of this document
Extract
Energy Idiocy: Corny Fuel ...
In congressional testimony earlier this mon...
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