Biofuels produced from waste products left from harvested corn plants are worse than gasoline in terms of carbon emissions, according to a $500,000 study paid for by the federal government and published in the journal Nature Climate Change.
The study said biofuels made with corn residue release seven percent more greenhouse gases than traditional gasoline.
Rayola Dougher from the American Petroleum Institute called that an eye opener for the green energy crowd.
The study contradicts the Obama administration’s narrative that biofuels are a much cleaner alternative, while also receiving more than a billion dollars in federal support.
Phil Flynn, an oil trader and senior market analyst with The Price Futures Group, said the promises made were too good to be true. “Celluosic biofuels was going to be our future. It wouldn’t impact our food. We could use the leftovers, and it would help greenhouse gas emissions and it would be the answer to all our problems. But what we’re finding out is that’s not the case,” said Flynn.