Wednesday, July 02, 2008

Show-Me Institute: E-10 Mandate Drives Costs

The Show-Me Institute has a full study on the ethanol mandate that contradicts what the Missouri Corn Merchandising Council has found.

"The MCMC study ignores important effects of the E-10 mandate, however, most notably the documented decrease in fuel efficiency of E-10 blended fuel and the taxpayer cost of ethanol subsidies. We find that accounting for these costs significantly impacts the MCMC savings projections and would result in a net loss to Missouri consumers of almost $1 billion during the next decade. If one were to consider the additional impact of the E-10 mandate on higher food prices and CO2 gas emissions, these costs would be even higher," write Justin Hauke and David Stokes.

Read it all HERE.

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