Even Al Gore admits that putting corn likker in your gasoline is a dumb idea. Knowing Congress, they’ll probably renew the tax credit anyway. Wouldn’t want to get on the bad side of ADM.
Update (23 November). Jonathan Adler discusses growing congressional opposition to extend the tax credit, and makes the stakes clear: “If Republicans fail to take action on ethanol, it will demonstrate the shallowness of their commitment to limiting government largesse and give credence to arguments that Republicans are only for less government when it’s good for special interests. (Tip from the Instapundit)