Recorded on March 30, 2011
It's time for common sense; I'm Ernest Istook.
In America's corn belt, ethanol is promoted as a way to sell more grain. The problem is laws that make it mandatory to add it to gasoline, and to pay a government subsidy on top of those guaranteed sales.
That's why U.S. ethanol use has gone up tenfold during the past decade.
Now with our budget crunch, the ethanol mandate and the $8-billion annual ethanol subsidy are getting closer scrutiny. Why should we force people to buy a product that lowers their fuel economy, makes cars harder to start in winter, and drives up food prices by taking corn away from the food supply and the animal feed supply?
With oil now over $100-a-barrel, if ethanol is really such a good idea, it should rely on its own merits, not government mandates and subsidies.
For common sense, from The Heritage Foundation, I'm Ernest Istook.