Alan Caruba, September 12 – The government mandated blend of ethanol in every gallon of gasoline is a full-fledged disaster and neither Congress, nor the Environmental Protection Agency shows any indication of either repealing or abandoning it.
A recent Wall Street Journal editorial said, “A strong candidate for the most expensive policy blunder of recent years would have to be the mandate to blend corn ethanol and other biofuels into the nation’s gasoline supply. Last month even the Environmental Protection Agency essentially acknowledged that the program is increasingly unworkable and costly to consumers. The EPA just won’t do much to fix it.”
Some future historian will calculate how many trillions this nation wasted when it passed a law in 2007 that was supposed to reduce greenhouse gas emissions to save the Earth from global warming and to provide a domestic energy source to compete with OPEC oil.