U.S. Senator John Cornyn

Ethanol is a prime example of a misguided government mandate that skews market forces toward a "solution" to our energy situation that is not a solution.  Instead of subsidies to farmers to maintain cheap food supplies while providing income stability we now have added subsidies to gasoline blenders that are not being passed through to the consumer as they were originally intended but instead are creating market opportunites for additional windfall profits due to the relative prices of oil and ethanol.  In the process, there has been no real reduction in Farm Program expenditures.  The consumer loses, the taxpayer loses, the livestock producers lose, the oil companies and a few farm state legislators win.  The poor in underdeveloped nations are suffering the greatest due to food price inflation that is at least partially due to the diversion of corn and soybeans to biofuels.  What we need is to develope our proven oil reserves and spend the subsidy money to R&D new technologies.  Remove the ethanol mandates which have driven commodity prices through the roof both through actual increased demand and through hedge fund speculation.  I applaud Senator Cornyn's introduction of legislation to develope our proven oil reserves in ANWR and on the outer continental shelf. 

Ethanol is overused and is causing our food prices to spike unnecessarily. I applaud Senator Cornyn for helping out with this.