The Biofuels Disaster Must End

Big-government, command-and-control technocrats believe that when central-planning fails, the solution is a better plan and smarter planners. They never step back and look at whether planning makes sense in the first place. This was true of the Soviet Union, with tragic five-year plan after five-year plan. It was true of Communist China, with Mao’s revolutionary upheavals. And today, here in the United States, it is true of government energy policy.

The 1970s and early 1980s saw all manner of failed energy policies — from Nixon’s Project Independence price controls, to Ford’s CAFE mandates, to Carter’s Synthetic Fuels Corporation and windfall profits tax, to Bush and Clinton’s publicly financed push for electric cars. The latest example is the 36 billion gallon biofuel mandate enacted into U.S. law last year.

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