I did some research on this about a year ago, and - Ethanol. Raises food prices. Hurts the environment. Harms the Poor. - is a perfect summary but for one thing: Ethanol market manipulation by governments (through both corporate welfare and regulation) raises fuel prices because of increased demand for feedstock and withering protectionism against Brazilian imports.
Here in Michigan, ethanol is being touted by the Governor and some non-profit development gurus as the future. I guess it's the intent that counts, not the result.
TOC has mentioned the ethanol problem in the past:
Monday, July 31, 2006
I'd rather drink it
Wednesday, March 07, 2007
Environmental rent seeking
Sunday, September 02, 2007
Big Oil, Bigger Government
Wednesday, October 17, 2007
I've got four letters for you, and two words.
ANWR. Nuclear power.
The first because it's idiotic not to allow drilling to extract a resource we still need. The second because Nukes cause less environmental damage than windmills or solar panels, and without a lot more electricity we're going to be stymied in producing hydrogen.