John McCain: Is ethanol overhyped?

McCain does not support ethanol subsidies.
  • Transcript

TRANSCRIPT

John McCain: I think ethanol is very viable. I do not think ... $10 a barrel. I think it’s very important. I think it contributes to the reduction of greenhouse gas emissions. And I am very pleased to see the ethanol plants springing up all over the state of Iowa and other places in America. But I have to tell you I’m also for switch grass, sugar cane based, all other ethanol as well. And I do not support ethanol subsidies. The ethanol manufacturers are doing very well, and I don’t support tariffs on imported ethanol. I think it’s a high quality product that should be able to compete anywhere. I know that’s not a very popular position in Iowa, but I have to do what I think and take the position that I think is best for America, and best for the agricultural interests in Iowa.

Recorded on: 11/20/07