Ethanol....high fructose corn syrup to gum up your car.
Very little is purely good or purely bad. It began when corn was $1.50 a bushel and we had way to much corn. The govt and you and I were tired of paying subsidy so ethanol was a way of reducing surplus.
Now here is your thinker of the day. It used to be the goal of the government to carry one year supply into the next year, a one year reserve. This happened after the 30’s after a crop disaster. It was important to have that reserve. Now if we don’t use the last bushel of old crop, the very same day the new crop comes in, we did something wrong. Do you see a potential problem? Most thinking people would look at a one year reserve as a valuable asset, not a cost. But we managed for what we don’t want, not what we want.
ADM has their fingers in every single aspect of the federal government. Because corn is not seen as the driver in the rising gas prices they stay out of the limelight and oil companies get kicked around. ADM is as insidious as it gets when it comes to crony capitalism.