Pouring Biofuel on the Fire

Hunger. Corruption. Bankruptcy. Other than that, the green-fuel boom has been a smashing success.

Henry Ford envisioned ethanol as the “fuel of the future”; his Model T ran on ethanol and petroleum.

The International Energy Agency forecasts that conventional oil production will peak by 2020, with massive price increases preceding the peak.
There were food riots in at least 30 countries in the past 2 years. More than 40 people were killed when Cameroonians protested rising prices.

The US government spent $9.2 billion on ethanol subsidies in 2008. It spent $1.5 billion on food aid.

Clearing grasslands to plant biofuel crops releases 93 times as much greenhouse gas as will be saved by the fuels grown on the land each year. Destroying Indonesian peat bogs releases 420 times as much.

Mother Jones