So reports Eartha Jane Melzer of the Michigan Messenger: There is bipartisan support in Congress to cut down on ethanol subsidies. Some Republican candidates for president, including erstwhile Minnesota Governor Tim Pawlenty, also support a subsidy rollback. This seems particularly notable because the whole ethanol-aura is that any presidential candidate running in the Iowa caucus dare not speak ill of the subsidies.
As Melzer notes, corn-based ethanol depletes the U.S. corn supply and drives up international food prices. More than that, though, despite all Barack Obama’s talk of “winning the future” through renewable energy, no renewable energy product gets more federal subsidies than environmentally dubious ethanol.
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