Al Gore admits ethanol is stupid

"First generation ethanol I think was a mistake. The energy conversion ratios are, at best, very small."

This quote doesn't come from a Stansberry analyst... It's from the godfather of clean energy, Al Gore. Speaking at a green energy business conference in Athens, Greece, Gore admitted how stupid ethanol is.

The U.S. ethanol industry will consume around 41% of the U.S. corn crop this year and 15% of the world's crop, according to Goldman Sachs. And it takes far more energy to produce ethanol than the fuel provides... It's a net negative energy product.

If you believe consuming fossil fuels is bad for the planet, you must believe ethanol is terrible for the planet. In addition to whatever damage it does to the environment, ethanol consumes massive amounts of corn that should be used for food (corn is the single-most important commodity for the world's food supply). Gore even admitted ethanol has "an impact on food prices."And why did Gore support this absurd mission in the first place? Because he was running for president:
One of the reasons I made that mistake is I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president. So Al Gore jeopardized the environment and caused people to starve all because he wanted to become president.