I stopped reading right there.
This study cannot be trusted. Their conclusion was written first.
None of the suggested investments could pass the test they used for ethenol.
Bet they assume the corn was grown only for fuel production. Not that byproducts of food production is used to produce fuel.
90% of statistics are lies.
Even accepting the studys conclusion turning 150 GBTU of coal into 100 GBTU of automotive fuel seems like a great tradeoff. The only losers are the oil exporting nations.
Ever listen to Dr. Bill Wattenberg on KGO San Francisco? He has reasoned for years that ethanol is a waste of energy, as well as solar power. He testified to the California legislature about the carcinogenic effect of MTBE before they made it mandatory in gasoline. He's been working in the energy and defense fields for decades; he is a scientist armed with facts, not prejudice. I trust what he says. He is an advocate of nuclear power, in fact, he has worked on the building and disposing of waste from the plants. Check out his show's website at pushback.com.