It's been a while since I checked how our massive ethanol push has helped us become more independent from BGO (Bad Guy Oil*). After all, when all other arguments for ethanol subsidies peter out, this one wraps it in the flag and brings home the subsidy bacon every time.
I last checked on progress toward replacing filthy foreign oil with wholesome ethanol in December 2007 so now we are pumping lots of ethanol we should see some serious replacement:
- God bless the Canadians.
- Mexican production declines are a big problem for them and the US.
- You can't muscle out low cost producers like SA.
- Wait until low oil prices kick in.