Some Thoughts on Ethanol

Frequent readers might have noted a few references to Gregg Easterbrook in the past. We are big fans of both his weekly Tuesday Morning Quarterback effort on ESPN.com as well as his slightly more academic postings on Reuters.com. Mr. Easterbrook's most recent post on the latter site provides some food for thought on ethanol, which is not nearly the solution that some people think it is. Indeed, Easterbrook goes so far as to say that the EPA's recent increase in ethanol allowance is akin to a 'stealth tax' on American consumers. The complete posting can be found here.