When will the biofuel rats start jumping off the sinking biofuel
scandal ship?

A new study from three agricultural economists at Iowa State
University with insider information on the latest biofuel technology
says ethanol made from cellulose will likely NEVER be affordable The
Federal tax credits for ethanol made from cellulose would have to be
raised from the current $.51 to $1.55 per gallon, which will be
unacceptable to Congress and the American public. Switchgrass, crop
waste, and wood chip biofuel schemes are too expensive to ever work!

The newspaper article can be found here - http://gristmill.grist.org/story/2008/3/3/125745/7746
The full study can be found here - pdf 180kb at:
http://www.card.iastate.edu/publications/DBS/PDFFiles/08wp460.pdf

Coming soon after the Princeton study published in SCIENCE showing
that all biofuels are far worse for the environment and global warming
than gasoline leaves the biofuel cult little cover to hide behind. SEE
- http://www.sciencemag.org/cgi/content/abstract/1151861