It’s sad that American industry has to be forced to make progress.

Posted on December 10, 2007. Filed under: Uncategorized |

ENERGY: LEGISLATING TECHNOLOGICAL PROGRESS.
Yesterday, ignoring a Bush veto threat, the House passed an energy bill.  Republicans in the Senate will try to gut it. The bill provides tax incentives to increase ethanol production sevenfold in 15 years.  Two-thirds of that must be cellulosic, even though a practical cellulosic ethanol process does not yet exist.  The assumption seems to be that the ethanol industry is at least as smart as a termite swarm.  It can be seen as a tacit recognition that corn ethanol does not help the energy problem.

FROM: Robert L. Park  http://www.bobpark.org

THE UNIVERSITY OF MARYLAND.
 
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