This is a revealing article that begins to connect all the dots I've anticipated and been speaking about since the beginning of the Obama administration. The DeMoines Register highlights a study, attributed to the Brazilian sugarcane industry group, that essentially says the economic impact would be minimal if the ethanol subsidy would be eliminated. Of course they are creating a manipulation to serve their own ends since they stand to gain a substantial sugar ethanol business that, depending on other factors, could displace a lot of corn ethanol. Of course this makes it easier for the administration to start removing huge acres into re-forestation projects and other de-industrializing ideas. I believe the end of this will be a lot different than advertised.
Read at the DeMoines Register Green Fields blog
http://blogs.desmoinesregister.com/dmr/index.php/2010/07/19/study-ending-ethanol-subsidy-would-have-modest-impact/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+GreenFields+%28Green+Fields+Blog%29
