He is quite correct. Ethanol as a fuel only works because of subsidy: agricultural lobbyists notwithstanding.
We have had ethanol available at the pumps in my area for many years (central Illinois) and it's cheaper because of federal subsidies.
So oil gets a nice subsidy and it is ok?
How much does the military subsidy cost to protect foreign oil fields so we can import oil? And watch oil company profits go into the tens of billions of dollars.
if we quit protecting foreign oil fields, how much would oil cost then.
ETHANOL DOESN'T NEED AN ESCORT. As there is more ethanol produced, subsidy will be reduced. At least the subsidy benefits AMERICANS.