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Feb 22 2008 2:20PM EST

Ethanol's Not Green

How did I miss this, when it was published a couple of weeks ago?

Almost all biofuels used today cause more greenhouse gas emissions than conventional fuels if the full emissions costs of producing these "green" fuels are taken into account, two studies being published Thursday have concluded.

Naturally, Paul Krugman saw it: today he says that ethanol is "bad for the economy, bad for consumers, bad for the planet". And he also uses the relative freedom of his NYT blog to reveal a lede he wasn't allowed to use in his column:

Before the State of the Union address, there had been hints and hopes that President Bush would offer a serious plan to reduce our dependence on imported oil. Instead, however, he took refuge in alcohol.

Clever man, that Krugman.

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