Ethanol and Corn Markets: The Unintended Consequences Are Starting to Show Up
Lynne Kiesling Back when the Energy Policy Act of 2005 was passed, many analysts (including myself) argued that in addition to ethanol’s dubious claim to be more “environmentally friendly” than fossil fuels, subsidizing and otherwise favoring the production of ethanol would distort agricultural commodity markets. (If you just read that sentence and thought to yourself …
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