The once-unthinkable actually happened last Thursday: The U.S. Senate voted 73-27 to abolish a 45-cents-per-gallon subsidy to the U.S. ethanol industry. Immediately. Because the amendment to end ethanol credits is attached to a stalled economic development bill, however, it will have little practical effect. The measure represents the first time the Senate has taken a clear stance against ethanol subsidies, which give tax credits to gasoline blenders who use a fuel long criticized in the U.S. on economic, environmental, and food policy grounds. The vote came amidst widespread clamor for...
More Ethanol In Gasoline: 'Minimal Risk' To Old Cars, Study Says
We've written before about just how worried automakers are at proposals by the U.S. Environmental Protection Agency to increase the ethanol content of pump gasoline from 10 to 12 or even 15 percent. They fear it will damage older cars whose engines and fuel systems were never designed to handle...John Voelcker