The editorial page editor of the Detroit News give the ethanol industry a wicked right cross in his Sunday column. Nolan Finley says when the bottom falls out of the ethanol boom, perhaps the refineries can be used to make corn liquor.
Obviously no fan of the increasing subsidies and emphasis on ethanol production, Finley blasts the politicians who keep feeding the frenzy. He too is worried about skyrocketing food prices and predicts a bust "when ethanol is exposed for its impracticality."
Remember, Finley is writing in a town where E85 vehicles are promoted heavily by the area's leading employer, General Motors. And he's in the Midwest where governments are falling over themselves to give ethanol subsidies or tax breaks to new ethanol plants. Tough crowd.
[Source: Nolan Finley / Detroit News]