Ethanol Backfire?By John O'Dell September 13, 2007 Ethanol's big in the Midwest, where farmers are establishing new acreage records for the amount of land devoted to the corn used to make it .
The Detroit 3 automakers all are pushing ethanol, which is mixed with gasoline (usually 5 percent to 15 percent ethanol in the blend) to help oxidize it and to help stretch our petroleum supplies a bit.
But we caught this sign, of discontent it seems, posted under the prices at a Shell station in Dearborn, Michigan, less than 2 miles down Michigan Avenue from Ford Motor Co.'s world headquarters.
In three days of driving around the Detroit-Dearborn-Auburn Hills area visiting U.S... auto executives recently, we didn't spot another sign like it.
We wonder, though, if it doesn't signify that there's been a bit of rethinking of the ethanol experiment as people find out the plant-based fuel reduces mileage because it packs less energy wallop per gallon than gasoline.
Especially perplexing is the fact that the oil companies aren't reducing the price of ethanol-blended gasoline to reflect the decline in fuel efficiency.
What's your thinking on the subject?