Obama's energy policy will increase dependence on foreign oil: "According to the latest data from the Renewable Fuels Association, ethanol production is currently averaging 0.60 million barrels per day. At the subsidy of 51¢ per gallon, this amount of ethanol production costs taxpayers over $4 Billion in 2008.
The ethanol future looks much worse. The “Energy Independence and Security Act of 2007” required maximum ethanol production of 2.35 million barrels per day by 2022. But, this amount of ethanol production will require the entire corn crop in the US, every kernel of corn."
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