T. Boone Pickens Endorses Ethanol
Posted: April 1, 2008
An editorial in today’s Wisconsin State Journal.
Texas oilman T. Boone Pickens, who once scoffed at ethanol, recently told the CNBC financial news network that he now supports increased production of the homegrown, renewable fuel. Pickens cited the $1 billion a day that America spends on imported oil.
The editorial writers appear to have been reading our blog. We’ll give them the final word:
In America, ethanol is currently produced chiefly from corn. Consequently, in their latest attack, naysayers have concocted a near-doomsday scenario in which increased demand for corn sends food prices sky high. Farmers all over the world would plow up forests to plant more acres, leading to an environmental disaster.
The critics’ mistake — aside from gross exaggeration — is that they are failing to look ahead.