Ethanol Self Interests Will Always Win

Former Vice President Al Gore has come out with an admission that his view on ethanol and its potential to be a solution for the world's energy issues was wrong.

Mr. Gore hinted at more than just flawed reasoning at last week's "green energy" conference in Athens, stating: "One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president."

Mr. Gore is now suggesting that such an energy source should not have government subsidies. "It is not a good policy to have these massive subsidies for first-generation ethanol," he said to a green energy conference in Athens, Greece late November.

Will the ethanol subsidies expire at the end of the year? Most likely not. But the admission from Mr. Gore supports the notion that governments don't always support initiatives because of social and environmental good. Governments will respond to strong lobbyists.