There is a great column about Soperton, Georgia’s Range Fuels ethanol plant in the Washington Examiner. Apparently the company managed to convert $350,000 in political campaign contributions into $162 million dollars worth of government loan guarantees, grants and subsidies. Unfortunately the refinery closed down last month and never really produced much ethanol.
Of course it snowed again in Alpharetta last night and Georgia is experiencing one of our coldest winters on record so Range Fuels may actually have been onto something. Obviously global warming can be solved by the simple conversion of taxpayer dollars into thin air.
Read the whole story here and weep. Thanks to Kyle Wingfield of the AJC for bringing the story to my attention.