Blunt: "Ethanol's Been An Easy Whipping Boy"

AT ECONOMIC ROUNDTABLE, BLUNT SAYS HE'S "NOT OPPOSED" TO LOOKING AT PROFITS CAP FOR OIL COMPANIES, BUT QUICKLY ADDS, 11% OIL RETURNS ARE LESS THAN MICROSOFT

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Contends That OFFSHORE DRILLING Could Open Up 30 Billion Barrels
Argues That Taking Away Tax Breaks For Oil Companies Would Make Us Temporarily More Dependent on Foreign Oil
Sees Ethanol as "just part of the mix" . . . points to cellulosic, nuclear, wind and solar . . . but adds that ethanol's "been an easy whipping boy"