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Friday, December 30, 2011

"The left-right coalition against corn ethanol has been growing for some time..."

... and Congress just adjourned "without extending the $6 billion annual tax subsidy for blending corn ethanol into gasoline and the steep import tariffs on the industry's foreign competitors."

What accounts for the change? I would have guessed that neither party is worried too much about what people in Iowa want right now, but the linked article cites the growing evidence showing that ethanol can't compete in the market "without mandates, subsidies, tax exemptions, and tariffs" and it's not even green — it increases net carbon emissions.

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