http://www.openmarket.org/2008/07/07/europe-rethinks-deadly-ethanol-mandates/

Since ethanol mandates cause deforestation and skyrocketing food prices, the European Union is now reconsidering its biofuel mandates.  Ethanol subsidies have many bad effects.  They have caused rioting and starvation in many poor countries.  They also have harmed the environment and increased food prices and support for Islamic extremists.

Looks like the market has spoken.

Related posts:

1. Reason.tv’s Drew Carey Project Episode 18: Ethanol – Silly Senator, Corn is for Food!
2. Food prices rising? Some in government want them higher
3. Corn prices too high? EPA says too bad.
4. Europe’s Philosophy of Failure
5. Wholesale annual price inflation highest in 27 years

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