Steffy: Ethanol law has become a mandate to nowhere

We’re squabbling about legislation that clearly hasn’t worked.

Last week, the oil and ethanol industries traded barbs over the future of a 2005 law that requires blending the corn-based additive in gasoline.

The American Petroleum Institute, the mouthpiece of the energy industry, released a report that found the Renewable Fuels Standard will drive up gasoline prices and shave as much as $770 billion from the country’s gross domestic product in the next two years.

Read the rest of Loren Steffy’s column on HoustonChronicle.com

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