In July 2005, the passage of the Energy Policy Act combined with previously enacted legislation designed to shift the ethanol subsidy from the Highway Trust Fund (HTF) to a direct raid on the U.S. Treasury. The ethanol lobby also garnered a guaranteed mandate for new production levels at 2012. Thus, big ethanol forced oil companies and motorists alike to swallow the additive and a resultant steep gas spike at the pump. No one has yet figured out how to replace the billions siphoned from the HTF for a quarter century, and the nation's infrastructure remains in much need. Massive diversions of corn from feed/food uses to ethanol -- also a result of the Energy Policy Act -- have sparked large price hikes for meat, milk, other dairy products, and beer at the nation's grocery stores.
Biofuels & Ethanol: The Storey we Already Knew
Biofuels & Ethanol: The Storey we Already Knew
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