It is time for a change in our energy policy.
Ethanol's High Price
Since 2005, U.S. energy policy has mandated that billions of gallons of corn-based ethanol be mixed into gas every year. Last year, more than $3 billion of taxpayer money was spent on subsidies to achieve that goal, and 20% of the corn crop went into making the biofuel. Now, a new U.N. report cites our emphasis on ethanol as a contributor to high food prices. Scientists also believe that an expanding “dead zone” in the Gulf of Mexico, which is killing aquatic life, is caused by increased fertilizer runoff from Corn Belt states. What’s more, “the U.S. focus on corn ethanol has taken precious financial resources away from efficiency and conservation options,” says Dulce Fernandes of the nonprofit Network for New Energy Choices. Counters Kristin Brekke of the American Coalition for Ethanol, “High oil prices, global crop shortages, speculation, and rising global demand have much more to do with food prices than ethanol does. Ethanol can significantly reduce our dependence on oil for transportation fuel
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