Friday, February 08, 2008

An Unacceptable Truth

While ethanol and other biofuels have long been touted as a means of reducing greenhouse gas levels, it turns out that they have precisely the opposite effect because of some unintended consequences.

Now here is the real kicker.

Not to mention the fact that we’re converting a cheap, nutritious food source into an expensive, inefficient energy source and thus raising the price of the former. Or, as a commenter at Tyler Cowen’s place notes, “causing many farmers to replace barley crops with corn which is leading to higher beer prices”

Free Beer Now!



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