Definitely another govt. boondoggle....currently is financially unfeasible without govt. subsidy (OUR tax money!).
-Consensus is that diversion of corn production for ethanol will result in increased food prices
-Ethanol is very corrosive and prone to water and other impurities absorption...no pipeline shipping, so trucks, trains , etc have to transport
-Energy efficiency is less than gasoline; results in less mpg
-Currently takes 4.5 barrels of oil to produce 4 barrels of ethanol
-Many engines have been extensively damaged by ethanol use
Yes, we need alternative fuel sources, but let's do the proper research before jumping on this unproven fuel and costing the taxpayers billions! 
X2
The biggest supporters of ethanol IS the oil companys for the very reasons you just stated.
Oil and politics are one and the same. That is the only reason we are still burning crude oil.
Think about this...at the 1900 World Fair Roudolf Diesel displayed his first diesel engine. IT RAN ON PEANUT OIL!
We ran diesels on crude because it was cheap and available for years.. Now it is not cheap or available (supposedly).
We have a very efficient replacement to gas it is called DIESEL. And it is a real threat to Oil campanies/ politicians.
When a diesel runs on crop oil it is just as efficient as when it uses crude diesel (unlike gas/ethanol) and is also more environmentally friendly.
Diesel powered cars can still out perform hybrids in mpgs, and there is no battery disposal problems in the future.
Notice how much the EPA has become involved in trying to choke the efficiency of modern diesel motors!?
Should make you think why??
Why don't we just run them on corn oil, soybean oil, used cooking oil, switch blade grass oil? It would be better for the environment than crude diesel thru some particulate filter designed to lower the MPG's. Did you EVER hear George W mention bio-diesel? I never did...but the oil man loved to talk about ethanol as an alternative fuel every chance he got.
Look don't get me wrong all my favorite hobbies involve burning gas, but there is nothing about sending my money to the middle east I enjoy.
Give me 400hp/800tq diesel pickup that runs on crop oil. Hell give me an HD with a Diesel v-twin!
