[neverdem]

It seems to me government has distorted the whole bio fuel issue by offering subsidies. Now capital and other resources are pouring into something that only makes economic sense because of those subsidies. That isn’t the path to economic success... It pulls those resources from other ventures that would be economically positive. So this is burning resources unproductively costing us all.

You'll get no argument from me. Subsidized, corn derived ethanol doesn't appear to make economic sense. That nonsense needs to be stopped as soon as possible. I would only have subsidies for other methods until they also are proven to make no economic sense.

IMHO, with our fiat currency and current account deficit, we need energy independence as a national strategy, or we debase our currency and fund our adversaries.

[P-40]

I would only have subsidies for other methods

If you were a major corporation, would you invest in other ways of making ethanol and other biofuels, and there are many, without some sort of signal from the government that they are here to stay? Tax credits, or subsidies if you prefer, are one signal that they are here to stay.

Or we can continue to trade our currency for foreign products.