The following is a clip from a commentary written by John Graham, dean of the Frederick S. Pardee Rand Graduate School, and originally published in the Washington Times:
With some cynicism, critics suggest advocating ethanol is nothing more than extra “pork” for farmers, since ethanol is typically made from farm products. Yet we should reject such cynicism. The real issue is whether ethanol is the most promising alternative for the foreseeable future, and the weight of the evidence suggests it is.Graham holds a chair in policy analysis at the Rand Corp. He previously served in the White House Office of Management and Budget, and earlier headed the Harvard Center for Risk Analysis.
While some energy is consumed making ethanol, the net effect of ethanol on energy security and environmental protection is significantly beneficial. Ethanol also has a decided advantage over other fuels because it can be readily integrated into the existing transportation and energy infrastructure. The other alternatives, such as hydrogen-powered cars, are likely to be costlier than ethanol even with substantial government subsidies.
Source: Frederick S. Pardee Rand Graduate School / Commentary
- Gasoline Prices Rise and So Does Everything Else
- Oil Prices Expected to Ripple Through Economy
- When Oil Prices Rise So Does Just About Everything Else
- Why Don't They Care About $3.00 Gas Anymore?
Food and Fuel America.com
Good and Balanced Food and Fuel News!