In today's JWR, Dr. K echoes my earlier post and Robert Samuelson's column from earlier this week:
This is nonsense. As my colleague Robert J. Samuelson demonstrated this week, biofuels will barely keep up with the increase in gasoline demand over time. They are a huge government bet with goals and mandates and subsidies that will not cure our oil dependence or even make a significant dent in it.
...
So much easier to say ethanol. That it will do farcically little is beside the point. Our debates about oil consumption, energy dependence and global warming are not meant to be serious. They are meant for show.
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