Senator John McCain was in Iowa today – the largest ethanol producing state – doing a little back-peddling on his previous strong opposition to ethanol as being too costly to produce, but still taking a strong stand against subsidies. According to the Des Moines Register, McCain said ethanol should have to compete without government help. “I think if ethanol is a viable option, it can compete, as it certainly can with $70-a-barrel oil. I think it ought to be something that ought to be carefully examined.”
McCain has not decided yet if he will run for president again in 2008.