Tuesday, January 24, 2006

Fortune On Ethanol

Adam Lashinsky of Fortune inexplicably smiled upon me with this hopeful piece about ethanol as an alternative fuel. The arguments against have been pretty well covered by Patzek and Pimentel; this one brims with can-do optimism, which may or may not be well-founded. Unsurprisingly, we learn that ADM is behind a lot of this, but then, so are some of the oil companies. There's still plenty of unnerving talk of government subsidy, which sounds suspiciously like P & P might just be right about the direction of the energy arrow.