corn ethanol
Biofuels and Food Prices
A recent economics paper suggests strongly that biofuels have raised food prices for the world’s poor.
Berkeley economist Brian Wright has a disquieting article in the Winter 2014 issues of the Journal of Economic Perspectives, which just crossed my desk. JEP is published by the American Economic Association and is a great resource for those of us who are interested in economics but aren’t professional economists. This article is a case in …
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CONTINUE READINGMore Idiocy from the Wall Street Journal Op-ed Page
A few years ago, a friend of mine suggested starting a blog entitled something like, “Why The Wall Street Journal Editorial Page Was Idiotic Today.” You’d never run out of material for posts! Certainly that was the case today, as Senator Lamar Alexander and Representative Mike Pompeo, both Republicans, make a case against the wind …
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CONTINUE READINGStanding Doctrine Undercuts Industry Challenges – A “Man Bites Dog” Story
According to an old saying, “dog bites man” isn’t newsworthy, but “man bites dog” is worth a headline. Similarly, it’s not especially newsworthy when standing doctrine is used to toss environmentalists out of court. It’s much more so when it’s used against industry. Yet in two recent cases, that’s exactly what the D.C. Circuit was …
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CONTINUE READINGDrive a Stake Through Ethanol’s Heart!
Okay, that’s even worse than a mixed metaphor: that’s a Friedmanism. But it still applies today. Reuters reports: Two U.S. governors asked the United States government on Tuesday to waive this year’s mandate for making ethanol from corn, adding pressure on it to relieve meat producers from high corn prices spurred by the worst drought …
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CONTINUE READINGMitt Romney, Prisoner of the Tea Party
Just about any electoral map will tell you that Iowa is a swing state, and that Mitt Romney needs to win it if he hopes to capture the Presidency. Just about any political observer in Iowa will tell you that the wind energy tax credit, enacted as part of President Obama’s stimulus package (but with …
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CONTINUE READINGMore Subsidies Hypocrisy from Tim Pawlenty?
At least so claims the Iowa Republican, a website that says it represents “News for Republicans, by Republicans.” If you believe the Republican, Pawlenty is doing no more than parroting the talking points of the ethanol industry: Pawlenty’s announcement speech in Des Moines yesterday was more passionate than some of his other recent speeches. The …
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CONTINUE READINGCredit Where It’s Due: Tim Pawlenty Says We Need to “Phase Out” Energy Subsidies
(UPDATED: See below). I’ve had a good bit of fun jumping on the Republican Party for its hypocrisy on energy subsidies. So when a Republican does the right thing, it’s important to acknowledge it: Former Minnesota Gov. Tim Pawlenty made a potentially risky move during his campaign launch speech in Iowa: he called for a phaseout of ethanol …
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CONTINUE READINGEverything You Ever Wanted to Know About Biofuels — And More!
Click here for videos of a conference at the University of Illinois Law School on the current state of play in the biofuels world.
CONTINUE READINGEPA’s New Biofuels Standards
While I was traveling last week, EPA issue new standards for biofuels. This rule makes changes to the Renewable Fuel Standard program as required by a 2007 statute. The statute sets new specific annual volume standards for cellulosic biofuel, biomass-based diesel, advanced biofuel, and total renewable fuel that must be used in transportation fuel. The …
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CONTINUE READINGIn Terms of Ethanol, Corny Is Not Funny
Today’s NY Times has an excellent op ed on corn ethanol. In terms of the environmental impact, the author (Russell Harding) says: . . . . if ethanol use was really helping the environment, it might be worth putting up with higher costs. But many environmental groups dropped their support for corn-based ethanol after two …
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