Dan Rather just did a piece on 60 minutes...
Pushing ethanol fuels...
It has to be the worst piece of reporting since Rathergate Part 1.
Things he didn't mention or got plan wrong:
Ethanol fuels barely has a net gain. That is it takes 99% of the energy that is produced from the end fuel to actually create the fuel. Given that oil works out to about 40%, that means that we have to produce about a billion times more ethanol to meet our needs. No mention of this stupidity.
Ethanol and the law requiring ethanol in all gas that started in January is the #1 reason why your gas prices are so high now.
Ethanol has absolutely 0 effect on green house gas. He contended that ethanol lowers green house gases. Ethanol does not have any green house gases because it uses carbon that is already in the atmosphere unlike oil that uses trapped carbon that hasn't been in the atmosphere for eons.
End result? Ethanol is a political game that is costing us billions for no reason and cannot alleviate the oil crisis at all as it currently stands.
The only thing interesting about Ethanol is the use for direct injection to increase octane by huge amounts so that turbo chargers can work about 100% more efficiently. Thus lowering the amount of gas needed per horse power.
Hydrogen is the interesting fuel source, not Ethanol. But of course that doesn't get you votes in Iowa and Indiana.