Ethanol is such a scam. Here's one of my favorite quotes from an article about it.
"President Bush proposes that we replace 20 percent of our current gasoline consumption with ethanol over the next decade. But it's well-known that even if we turned every kernel of American corn into ethanol, it would displace only 12 percent of our annual gasoline consumption. The effect on global warming, like Kyoto, would be too small to measure, though the U.S. would become the first nation in history to burn up its food supply to please a political mob."
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timeasmymeasure
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Date: 2007-03-11 02:16 pm (UTC)"President Bush proposes that we replace 20 percent of our current gasoline consumption with ethanol over the next decade. But it's well-known that even if we turned every kernel of American corn into ethanol, it would displace only 12 percent of our annual gasoline consumption. The effect on global warming, like Kyoto, would be too small to measure, though the U.S. would become the first nation in history to burn up its food supply to please a political mob."
http://www.cato.org/pub_display.php?pub_id=8021