Ethanol subsidies in perspective

At the Corner, Kevin D. Williamson makes some observations on ethanol subsidies:

A little perspective:

BP's oil-spill cleanup bill, so far: $3.2 billion

Money BP is setting aside for the total bill: $20 billion

Annual cost of U.S. ethanol subsidies: $5 billion

Ethanol subsidies going to BP this year: $600 million

So, a mere four years of the environmentally-questionable and politically-driven ethanol subsidies cost the US economy more than the entire estimated cost of the BP oil spill.

Hat tip: Power Line

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