Wall Street Journal Columnist on Ethanol's Subsidy Grab
Robert Bryce, Managing Editor of Energy Tribune, penned a column in today's Wall Street Journal focusing on the amount of subsidies ethanol receives compared to the oil and gas industry (which has its own set of handouts).
The U.S. gets about 98 times as much energy from natural gas and oil as it does from ethanol and biofuels. And measured on a per-unit-of-energy basis, Congress lavishes ethanol and biofuels with subsidies that are 190 times as large as those given to oil and gas.Those numbers come from an April 2008 report by the Energy Information Administration: "Federal Financial Interventions and Subsidies in Energy Markets 2007.
Recall that EWG's Craig Cox issued a report in January of 2009 using data from the EIA report detailing how the ethanol industry receives two thirds of all federal subsidies for "renewable" energy, including those for wind, solar and geothermal.
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