burn up 40% of our corn crop in order to water down our gasoline.
My figures are well sourced. There is an 8 billion dollar a year subsidy for ethanol, it burns up 40% of our corn crop, and the net result is watering down our gasoline.
F*CK IOWA!!!!
http://www.cnbc.com/id/43138199/Coal_Based_Ethanol_Is_Just_Down_the_Road
But the U.S.’s corn-derived ethanol fuel is relatively expensiveabout $1.55 to $1.74 per gallon compared to 71 cents to 90 cents per gallon in Braziland so is heavily subsidized to allow gasoline producers to meet federal renewable fuel standards.
And with 40 percent of the U.S. corn crop now going to ethanol production, a four-fold increase from 2002, the competition for corn from food processors could keep those prices high.