I must say that I am quite hopeful about the results of the passage of the ethanol mandates recently. So seldom do Congress' miracle cures prove so disastrous so quickly. Most often, their heroic actions take years or decades to build data that shows their futility. By that time the actions are 'grandfathered' in, so the new corrections are more of the same. The ethanol mandates putrified so quickly that I hope many voters or even politicians may more clearly see the futility of Congressional attempts to play god.
On the other hand, this corn ethanol debacle will be blamed for the food shortages and unrest in other parts of the world. This spin will be used to again make America the bad guy oppressor in international affairs. However, the facts should point to the regimes in those countries themselves whose policies are stifling their own productivity.