Sunday, March 25, 2007

Drunk on ethanol

By Matt Crenson, Associated Press

NEW YORK -- America is drunk on ethanol. Farmers in the Midwest are sending billions of bushels of corn to refineries that turn it into billions of gallons of fuel. Automakers in Detroit have already built millions of cars, trucks and SUVs that can run on it, and are committed to making millions more. In Washington, politicians have approved generous subsidies for companies that make ethanol.

And just this week, President Bush arranged with Brazil's President Luiz Inacio Lula da Silva for their countries to share ethanol production technology.

Even alternative fuel aficionados are surprised at the nation's sudden enthusiasm for grain alcohol.

"It's coming on dramatically; more rapidly than anyone had expected," said Nathanael Greene, a senior policy analyst at the Natural Resources Defense Council.

You'd think that would be good news, but it actually worries a lot of people.

No comments: