The Biofuel Follies: "To avoid drilling for oil in ANWR's moonscape, the planet savers evidently prefer destroying forests, even though they absorb greenhouse gases. Will ethanol prevent more carbon-dioxide emissions than would have been absorbed by the trees cut down to clear land for the production of crops for ethanol? Be that as it may, governments mandating the use of biofuels are one reason for the global rise in food prices, which is driving demand for more arable land. That demand is driving the destruction of forests—and animal habitats. In Indonesia alone, 44 million acres have been razed to make way for production of palm oil."
"Bill Clinton, by executive edict, declared 1.7 million acres of Utah to be a national monument. Under those acres are the largest known deposit—more than 60 billion tons—of low-sulfur, clean-burning coal. The second largest deposit, the value of which rose because of Clinton's action locking up an alternative supply, is in Indonesia and is owned by a member of the Indonesian Riady family, of fragrant memory, which was generous to Clinton's 1992 campaign.
James and Stephen Eaves, writing in Regulation quarterly, note that if the entire U.S. corn crop were turned into ethanol— it might have to be to meet the goal of 35 billion gallons of biofuels by 2017—it would displace 3.5 percent of gasoline use, just slightly more than would be displaced if drivers properly inflated their tires. And because the United States produces 40 percent of the world's corn supply and 70 percent of global corn exports, turning corn into fuel will damage the world's poor at a time when rising demand will require a tripling of world food production by 2050."