Had a good time on KWAT this morning. We went over a lot regarding energy. Ethanol seemed to be on everybody's mind, and so more time was spent on it than any other matter. I took some grief for questioning the logic of ethanol subsidies. A nice pro/con on the subject is by BusinessWeek and can be found here.
Some of the grief I took comes from those who don't want to admit that for all of the benefits of ethanol, we in South Dakota like it because it is pork barrel for our state. That doesn't mean that ethanol subsidies are bad policy, but I suspect many (if not most) people support ethanol for the money first and only secondarily for the energy independence and environmental benefits. Let's not pretend that we are not self-interested.
By the way, a new record in oil prices today.
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