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Reducing Our Dependence on Foreign Oil . . . Or Increasing Our Dependence on Domestic Subsidies?

The ethanol industry’s favorite claim is that it is reducing the nation’s dependence on foreign oil. But how much? And at what cost?

Ethanol producers like to wrap themselves in the flag, but the fact remains that ethanol is at best a small supplement to motor gasoline. More domestic oil and gas development would make a far greater and more economical contribution to energy independence than ethanol ever can.

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