Not that Obama is an energy saint either
Corn-based ethanol is a boondoggle. We ought to be importing Brazilian sugar-cane ethanol.
However, my man Obama is in bed with the ethanol lobby. He offers the same nonsensical arguments in favor of "energy independence" that every other politician uses to justify inane, market distorting policies.
For the millionth time on this blog: energy is essentially fungible. You can buy it on world markets. The key is to use less of it, not worry about where you're buying it from.
Of course, no politician is perfect. I just hope that Obama recognizes this nonsense for what it is, pandering to improve his election chances, rather than actually believing that corn ethanol is a good idea. In other words, I hope Obama's being craven instead of stupid.
However, my man Obama is in bed with the ethanol lobby. He offers the same nonsensical arguments in favor of "energy independence" that every other politician uses to justify inane, market distorting policies.
For the millionth time on this blog: energy is essentially fungible. You can buy it on world markets. The key is to use less of it, not worry about where you're buying it from.
Of course, no politician is perfect. I just hope that Obama recognizes this nonsense for what it is, pandering to improve his election chances, rather than actually believing that corn ethanol is a good idea. In other words, I hope Obama's being craven instead of stupid.
posted by Moses Kagan at
8:01 AM
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