Ethanol: A Tragedy in 3 Acts

businessweek:

"If there were ever a time when the truth in advertising standards should be put back into place, it's now -- during the current (third) attempt to convince the public that the massive use of corn-derived ethanol in our gasoline supply will alleviate our need for foreign oil. Ultimately, the answer to just one question determines ethanol's actual usefulness as a gasoline extender: 'If the government hadn't mandated this product, would it survive in a free market?'"

This article is a must-read if you're interested in our fuel situation. I've always believed that ethanol was a con foisted on us by mid-western farmers through our political process.