“It is not a good policy to have these massive subsidies for [U.S.] first-generation ethanol,” the former vice president declared at a green energy business conference in Athens sponsored by Marfin Popular Bank. “First-generation ethanol, I think, was a mistake. The energy conversion ratios are at best very small,” he said. “It’s hard once such a program is put in place to deal with the lobbies that keep it going.”
Took him a while.