Thursday, August 17, 2006

McCain Reaffirms Commitment to Ethanol

During a morning stop in Council Bluffs John McCain reaffirmed his committment to ethanol production:

"I strongly support ethanol as a alterative fuel. We are too dependent on foreign oil, as we all know. Some of those sources of oil are in danger. I don't support subsidies, but I don't think we will need subsidies. I don't see the price of oil going below $75 a barrel," McCain said.

Read the whole story here and watch the grin and grip video while you are it.

Read about the tremendous amount of private capital flowing into ethanol production here and here and here.

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