The energy agenda in Washington has been long dominated by oil interests, but in a reversal of political fortunes, these days it is Big Oil fighting to preserve its tax incentives and the ethanol industry that is adding new ones. President Bush may up the ante tonight in his State of the Union address, many analysts think, by setting new targets for ethanol use or encouraging automakers to shift to engines capable of handling E85, a fuel that is 85 percent ethanol. (Washington Post, Tuesday)
Let the subsidies roll.
FEE Timely Classic
Ethanolics Anonymous by Lawrence W. Reed