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.

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