by Shawn Regan
Energy Secretary Steven Chu on Monday said that the future of transportation fuels shouldn't involve ethanol, the gasoline additive that historically has received billions of dollars in federal subsidies.But while Chu publicly questions ethanol's efficacy, the EPA is ramping up production mandates:
"Ethanol is not an ideal transportation fuel," Chu said during an event hosted by the National Press Club.
Responding to a congressional mandate, the Environmental Protection Agency will require that 13.95 billion gallons of transportation fuel comes from renewable sources in 2011, or about 8 percent of domestic gasoline and diesel supplies.Of that, 12.6 billion gallons will come from ethanol. Congress requires that figure to nearly triple (!) to a whopping 36 billion gallons by 2022.
Why such a contradiction? There's a reason this one's filed under "Politics."