As others mentioned, this is not a new finding. There is a lot of academic and industrial/economic analysis on this subject. Ethanol from corn was never a good idea economically for anyone other than corn farmers. It is also bad environmentally and places additional competitive demand on our food supply (choice and competition between corn going into food or fuel supply). Similar analysis has been done on other crop…
Corn farmers from Iowa. Where they hold the first caucus of the interminable election season. No American politician or political party can afford to offend corn farmers. We should count ourselves lucky that our gasoline is only 10% corn.
If we didn't subsidize food, we'd be importing a lot of food. In the event of war, famine, plague, etc, we don't want to be without a supply of food, fuel and now electronics.