Last week, Bob Goodlatte (R-Va.) and other lawmakers introduced legislation in the House of Representatives calling for major changes in the Renewable Fuel Standard (RFS). The RFS is the reason why most US automobile fuel contains ten percent ethanol. The bill would eliminate the current mandate to blend 15 billion gallons of corn ethanol into fuel by 2022 and ban ethanol fuel content over ten percent. But are ethanol mandates good public policy?A great article at WWUT about how ethanol sucks as a fuel, and doesn't even begin to solve the problems to which it was supposed to be the great solution:
1) We don't need it. Oil production is up due to fracking
2) Ethanol and biosdiesel don't reduce greenhouse gas emissions.
3) Ethanol costs valuable resources better spent elsewhere (water, energy)
4) Ethanol cuts into food production and raises the price of food and helps the world starve.