The Institute for Energy Research proudly stands with the Sierra Club, WWF and with Al Gore in saying: ethanol was a mistake and it's time to end ethanol subsidies
Corn is For Food, Not Fuel
By Institute for Energy Research ——Bio and Archives--November 30, 2010
Corn is in everything. It’s in your soda, syrup, shaving cream and licorice. You can find corn in batteries, ink and mayonnaise. There are thousands of uses for corn, but the least efficient and most costly use is ethanol.
Ethanol is in the news because Congress is considering a $6 billion a year ethanol subsidy renewal that is designed to help offset production costs for refiners who blend gasoline with ethanol.
There are a number of problems with ethanol, but don't take our word for it.
The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.