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Cheaters Never Win: The Case Against Ethanol

I find it ridiculous that Washington has led America into another trap by supporting ethanol. By now, we all know how expensive it is to produce ethanol from agricultural sources. This is especially true for U.S.-based ethanol producers since conversion into ethanol from corn is highly inefficient. When you are running low on one natural resource, you cannot try to substitute it with another and not expect problems. That is exactly what has happened with ethanol.

 
So why haven’t gas prices dropped?

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