The Global Poor Will Suffer the Worst Ethanol Hangover

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The headlong rush in many parts of the world to replace oil with biofuels (ethanol and biodiesel) illustrates how the best of intentions can run afoul of the law of unintended consequences. While positive effects have been elusive — and, in fact, are unlikely with current policies — starvation and malnourishment are becoming worse among the poorest of the poor. The European Union has announced that it wants to replace 10 percent of its oil consumption with biofuels by 2020. President George W. Bush announced last year a goal of replacing 15 percent of domestic gasoline use with biofuels over […]

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