Ethanol advocates claim that the bio-fuel is a cheap, renewable energy source that reduces pollution and our dependence on foreign oil. It sounds too good to be true—and it is.
Ethanol, especially the corn-based variety, is bad for taxpayers, bad for consumers, bad for the environment, and horrible for the world's poor. In fact, even environmentalists are critical of ethanol subsidies these days. The ethanol craze has distorted markets and increased the price of food worldwide. The only people who still support ethanol subsidies are the ethanol producers—and politicians from both sides of the aisle. Together, they make sure the subsidies keep coming.
"Government is not the solution to our problems Government is the Problem" R. W. Reagan
Have you noticed the gas and food prices lately? Way up right? Thank your government for stopping all new energy production/oil drilling and pushing farmers to grow corn for fuel, not for food. Here is a good explanation of the ethanol scam below.