Tuesday, April 05, 2005

Instapundit notes higher oil prices mean more interest in alternative energy sources, which any sane person realizes is a very good thing.

There was a WSJ article last week talking about the huge boom in ethanol production. Apparently farmers all over the Midwest are investing their life’s savings to build ethanol refineries. They said ethanol production is up 400% over 4 years ago, from 2 billion to 8 billion gallons I think it was. The author of the article seemed to think the farmers were likely to get burned when oil prices fall.

Funny how the enhanced attractiveness of alternative energy sources never gets mentioned by the press as a benefit of higher oil prices in their daily doomsaying on the topic. I get an oil price story every day in my Yahoo news feed, and have for about a year now I think, and I don't think they have ever mentioned this aspect. Would they report things a little differently under a Dem admin? Remembering the sudden outbreak of homeless stories in the Reagan years, one wonders…

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