Much of the emphasis in the energy sector these days is directed towards getting out from under the thumb of Middle Eastern oil sheiks, who seem to enjoy the lavish lifestyles at the expense of the world's dependency on oil. Add to that the environmentalists and their desire to see carbon emissions drop and you see the stage being set for a new and innovative fuel source that can be found right here in the Midwest, ethanol.
Sounds like a win-win, doesn't it?
But not so fast.
A couple of months ago, a post by Mustang at Social Sense addressed this very subject with some startling findings that many in the energy sector are not taking into consideration. You can read it here. And today, we see another convincing "not so fast", The Many Myths of Ethanol written by ABC's John Stossel.
If you read these two pieces and are still not convinced that ethanol is a bad idea, allow me to throw one more fly into your ointment:
If you want to see a major disaster here and elsewhere in the world, just watch what is likely to happen in the corn belt, this year. All of the signs are pointing towards a drought. And if we as a nation (or we as a world) are dependent on a fuel source that is dependent on the weather, think of the potentially catastrophic repercussions a poor crop of corn would have on the economy, in any given year.
As much as I would love to see us out from under the oppressive grips of ME oil barons and guys like Hugo Chavez, I would highly caution people to think this thing through before jumping on the bandwagon of the environmentalists' latest cause, too soon.