Ethanol has always had a free market opportunity. But like solar, wind, and even geo thermal, the government is required to facilitate it. It cannot be built or survive on it’s own merits because it has no merits.
Ethanol from corn or anything else, cannot stand on it’s own two feet. The government has to crate a market for it by mandating it’s use, and then it must subsidize it’s infrastructure and profit margins.
It’s a classic case of crony capitalism at it’s worst.
Ethanol has several applications besides automobile fuel. It is used in burners and heaters, perfumes and more. It has a place in the free market. If they cannot compete in the auto fuel market farmers can go back to selling corn.
That was a great summary of the ethanol scam.