Phil

A point of clarification about the nature of this research paper. In your antepenultimate (third last) paragraph you say, “Given such a dim opinion from the Government on the economics of ethanol. . .”. In case you were under the impression that this paper from the Parliamentary Research Service represents the view of the Government I would like to point out that the Research Service (part of the Parliamentary Library) exists to provide independent advice to all members of Parliament. It is an agency of the Commonwealth Parliament, not the Government. Like its counterpart in the US Library of Congress, it is fiercely independent and frequently issues papers which conflict with Government viewpoints and policies. The Parliamentary Research Service is one of our lesser-known national treasures.

Thanks for pointing this out - I didn't know anything about this organisation before.