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Sen. Jim Talent, the Missouri Republican, recently proposed--and the Senate Committee on Energy and Natural Resources approved--a mandate for 8 billion gallons of ethanol production per year. Because ethanol is federally subsidized, this exercise in central planning would cost taxpayers $2.3 billion annually. It would also raise prices for corn--from which ethanol is made--and gasoline, costing American consumers additional billions each year. The proposed mandate would do almost nothing to dent the country's dependence on Middle Eastern oil--a supposed goal of ...