I'm no expert, but here's my two cents and/or $2.93/gal:

E85 is cheaper than normal gasoline because ethanol is subsidized! What's more, at this point ethanol seems to be a destroyer of energy rather than an energy source. Not much different than the “water powered car”.

I don't think oil companies are simply being sentimental about oil when they don't jump on the "alternative fuel" bandwagon. They’ll apply their capital to whatever will make them money.

If ethanol was such a great solution, you wouldn't need legislation to make it happen. The oil companies would be fighting each other to be the first in line.

- Tom Scarince