We should cancel every single penny for ethanol subsidies, and hand the cash over to subsidize the shale oil industry, to deflect the Saudi attempt at destruction. This is about freeing ourselves from the camel jockeys once and for all.
They did away with the tax credit subsidy for ethanol blended into gasoline, but kept the mandate for the required amount.
NO!!!
Do not look to the federal government to "help" industry. No special selection of winners and losers.