vinod khosla addresses subsidies for oil and ethanol

providing a little balance to the subject- see quote below, full story at link

http://news.cnet.com/8301-10787_3-9949134-60.html

I have not advocated subsidies for food-based ethanol. In fact, I strongly believe any nascent technology that cannot exist without subsidies beyond an introductory period will not gain market penetration and is not worth supporting. I have consistently argued that food-based ethanol cannot scale beyond roughly 15 billion gallons or so in the US, and that making a material impact on replacing oil requires cellulosic or other advanced biofuels. The corn ethanol subsidies that exist today were part of the 2005 Energy bill, a time when I had no contacts with Washington.

Moreover, I look forward to the WSJ's (WALL STREET JOURNAL) complaints about oil's subsidy bonanza, from tax breaks for drilling, loopholes that allow royalty-free offshore oil leases, manufacturing tax breaks, as well as roughly $7 billion in subsidies in the wake of the Katrina disaster. At a recent WSJ Conference, 75 percent of its erudite audience "voted" (rightly) that oil was more highly subsidized than ethanol.