I especially appreciated Green's assessment that "subsidies create a fertile garden for rent seekers." We've seen a plans for ethanol plants on hold or crumbling because savvy investors are holding back. They see that some avenues such as ethanol are completely dependent on subsidies or sky-high oil prices. I would rather see grants for more fast-track research on alternatives such as biofuels from algae.
- Report: Let's keep a closer eye on ethanol subsidies
- Study shows Americans pay billions for ethanol subsidies
- Biofuels conference highlights dependence on subsidies