A little perspective:
BP’s oil-spill cleanup bill, so far: $3.2 billion
Annual cost of U.S. ethanol subsidies: $5 billion
Ethanol subsidies going to BP this year: $600 million
And that’s just one subsidy program.
Tell me again why this “green economy” stuff is not a scam.
The banks paid back their TARP money, and the nation remains scandalized by that bailout. What are the chances the energy industry is going to pay back a penny of the billions we’re pouring on them through green energy subsidies?