
(In related news, Jimmy Hoffa has disappeared, they've found the Titanic, and Princess Di was in a car wreck. And your eyes aren't going bad. That's a blurry copy of the Time cover.)
"An explosion in demand for farm-grown fuels has raised global crop prices to record highs, which is spurring a dramatic expansion of Brazilian agriculture, which is invading the Amazon at an increasingly alarming rate.
Propelled by mounting anxieties over soaring oil costs and climate change, biofuels have become the vanguard of the green-tech revolution, the trendy way for politicians and corporations to show they're serious about finding alternative sources of energy and in the process slowing global warming. The U.S. quintupled its production of ethanol--ethyl alcohol, a fuel distilled from plant matter--in the past decade, and Washington has just mandated another fivefold increase in renewable fuels over the next decade."
"People don't want to believe renewable fuels could be bad," says the lead author, Tim Searchinger, a Princeton scholar and former Environmental Defense attorney. "But when you realize we're tearing down rain forests that store loads of carbon to grow crops that store much less carbon, it becomes obvious."
The growing backlash against biofuels is a product of the law of unintended consequences. It may seem obvious now that when biofuels increase demand for crops, prices will rise and farms will expand into nature.
It's that damn Law of Unintended Consequences again. It should be repealed. If you're current on your Prozac, you might have the nerve to look at what Barack and The Clintons are saying, but breathe deeply:
The best place to see this is America's biofuel mecca: Iowa. Last year fewer than 2% of U.S. gas stations offered ethanol, and the country produced 7 billion gal. (26.5 billion L) of biofuel, which cost taxpayers at least $8 billion in subsidies. But on Nov. 6, at a biodiesel plant in Newton, Iowa, Hillary Rodham Clinton unveiled an eye-popping plan that would require all stations to offer ethanol by 2017 while mandating 60 billion gal. (227 billion L) by 2030. "This is the fuel for a much brighter future!" she declared. Barack Obama immediately criticized her--not for proposing such an expansive plan but for failing to support ethanol before she started trolling for votes in Iowa's caucuses.
Get it? Iowa is the first caucus state, therefore they get subsidies out the ying-yang. (A painful spot for subsidy storage, but profitable.) Still don't believe me? Read on. This is all written by Michael Grunwald, BTW. Great writer....
If biofuels are the new dotcoms, Iowa is Silicon Valley, with 53,000 jobs and $1.8 billion in income dependent on the industry. The state has so many ethanol distilleries under construction that it's poised to become a net importer of corn. That's why biofuel-pandering has become virtually mandatory for presidential contenders. John McCain was the rare candidate who vehemently opposed ethanol as an outrageous agribusiness boondoggle, which is why he skipped Iowa in 2000. But McCain learned his lesson in time for this year's caucuses. By 2006 he was calling ethanol a "vital alternative energy source."
Well, McCain tried. But can you freakin' believe that IOWA will be a net importer of CORN? That's how profitable this scam is ! ! ! Talking about hauling your coals to Newcastle. We're paying people to destroy the earth in the name of saving the earth ! ! ! I swear I'm not making this up ! ! ! Farmers are subsidizing the politicians in exchange for subsidizing the farmers, and it's all being done with a Virtuous Green Politically Correct Glow.
Ok, I'm calming down now. One of the 3 weiner dogs has hopped in my lap. My breathing is getting slower, and my heart rate is back under control.
Back to Time magazine, and further vindication of The Whited Sepulchre circular payoffs theory of subsidies. Heck, you can take out the word "ethanol" and replace it with any subsidized commodity. The logic still holds:
Members of Congress love biofuels too, not only because so many dream about future Iowa caucuses but also because so few want to offend the farm lobby, the most powerful force behind biofuels on Capitol Hill. Ethanol isn't about just Iowa or even the Midwest anymore. Plants are under construction in New York, Georgia, Oregon and Texas, and the ethanol boom's effect on prices has helped lift farm incomes to record levels nationwide.
Someone is paying to support these environmentally questionable industries: you. In December, President Bush signed a bipartisan energy bill that will dramatically increase support to the industry while mandating 36 billion gal. (136 billion L) of biofuel by 2022.
Congratulations. You've bought 36 billion gallons of this stuff, whether you wanted to or not. There's one mis-statement in the paragraph above. There is no "ethanol boom". There is only a government mandate that you purchase ethanol.
So if I could figure out this scam back in November, and Time Holy Magazine put it together in April, can Nancy Pelosi and Trent Lott be far behind?
Yeah. Probably.