The Rule of Law in Play: The Law of Supply and Demand
Ethanol as a substitute/complement for gasoline is running afoul of the law of supply and demand. Too much ethanol, too many distilleries under construction and a distribution bottleneck. This will work itself out in time, but I wonder if anyone will have the courage to tally the total cost to the taxpayers who are subsidizing this fandango?
In an earlier post I compared ethanol as a fuel with wind power as a source of electricity suggesting that neither are free of problems and are only a drop in the bucket compared to our total energy needs. In the long run, electricity is our best bet for energy and transportation generated from nuclear plants.
The radioactive waste issue can be solved. France is doing it. To change the attitudes in the U.S. about nuclear will require an overhaul of our federal, state and local thinking. Nothing will succeed better than energy price increases, which are coming as surely as death and taxes, to change the public view of nukes.
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