Driving Under the Influence: Huge Taxpayer Investment in Ethanol Yields Paltry Payoff
Environmental Working Group (EWG)
WASHINGTON – June 15, 2010. Between 2005 and 2009, U.S. taxpayers spent a whopping $17 billion to subsidize corn ethanol blends in gasoline. What did they get in return? A reduction in overall oil consumption equal to an unimpressive 1.1 mile-per-gallon increase in fleet-wide fuel economy. Worse, ethanol’s much ballyhooed contribution to reducing America’s dependence on imported oil looks even smaller – the equivalent to a measly six tenths of a mile per gallon fleet-wide.
Casual reading for the intellectually curious.
No comments:
Post a Comment