I don’t know much about the ethanol program, but it seems to me that this was obvious, and is not necessarily a bad thing in and of itself, particularly if it causes U.S. producers and processors to switch away from High Fructose Corn Syrup. Then I looked into ethanol production and found evidence of at least one major problem with it:
Ethanol is produced by fermenting renewable crops like corn or sugarcane. It may sound green, Patzek says, but that’s because many scientists are not looking at the whole picture. According to his research, more fossil energy is used to produce ethanol than the energy contained within it.
Emphasis added. I thought this was worth mentioning.
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