Congress and Detroit: The Dangers of E85

It will take years before ethanol, especially E85, makes a noticeable dent in America's gasoline consumption. Still, in a decade, if 10% of gasoline consumption were reduced in favor of ethanol, would it matter?

Perhaps not as much as first thought. First, in 10 years demand for fuel is going to go up. Second, without subsidies ethanol offers little in terms of free market competition, it simply isn't cheaper than gasoline. Sure, it does reduce foreign oil dependency, but how much and is that enough?

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