The Last Barrel ///
This editor has said it before, and I’ll say it again—there is NOTHING that the U.S. federal government does well. The latest example is ethanol, as outlined in a study authored this spring by the Mosbacher Institute for Trade, Economics and Public Policy at Texas A&M University. It concludes that U.S. ethanol policy is a complete failure.
Entitled, U.S. Ethanol Policy: The Unintended Consequences, the study is authored by Institute Director James M. Griffin, within the George Bush School of Government and Public Policy at A&M, and Mauricio Cifuentes Soto, a graduate student assisting him. Mr. Griffin also holds the Bob Bullock Chair in Economics and Public Policy. The authors say that the heart of the problem is the Energy Independence and Security Act of 2007 (EISA), which mandated a steep rise in U.S. ethanol production.
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