May 5, 2008

Ethanol's bum rap

Business Week ran a nice article this week called "Is Ethanol Getting a Bum Rap?"

The illustration (shown here), was clever, and reporter John Carey made several good points -- including that ethanol “isn’t quite the villain critics make it out to be,” especially with regard to food prices.

Carey quotes David Morris, vice president of the Institute for Local Self-Reliance, who says that biofuels are "a very, very small factor" in rising food costs. He also quoted Nathanael Greene of the Natural Resources Defense Council, and Richard Hamilton, CEO of Ceres Inc.

Lots of good stuff in the article.