You guys apparently can't read. The Register article was talking about tax incentives given to new businesses. Not ethanol subsidy. It is just that there were a lot of biofuel companies starting up in Iowa the last year.
Without the subsidies and at current cost of corn and selling price of ethanol, the ethanol plants are making about $.70/gal profit. Ethanol is selling for about $.30 less per gallon than gasoline at a wholesale level. Sounds like a good business to me.
Gasoline doesn't get to your car for free either. It takes a lot of fuel to pump it out of the ground, ship it half way across the world, refine it and truck it to your gas station.
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Today's Featured Article - Show Coverage: Argyle and Mt. Pleasant Labor Day Weekend Shows - by Cindy Ladage. The last fling before summer fades into fall and we get busy in the fields are the annual Labor Day tractor shows. Beginning on September 5th and running through the 7th, the Argyle Antique Gas and Engine Show is held at the Argyle State Park. Located in West Central Illinois, the pine forest was the setting for the opening of the 22nd show. This year we decided to try to sell a few tractor parts, literature and wrenches to offset my husband's buying sprees. Saturday
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