The Biden administration is developing into a sad repeat of the Carter administration’s economic policies, as evidenced by a redux of the 1979 stagflation that brought the type of double-digit inflation and stagnant economic growth we are again seeing today. Ethanol was the rage during Carter’s 1973 OPEC oil embargo crisis. With President Carter entirely onboard with the peak oil crowd, his administration championed ethanol as the way America would achieve energy independence.