Are Biofuels Really Good for the Environment?

(Fox News) - Yet another international organization is warning that the rush to biofuels may do the environment more harm that good. The Paris-based Organization for Economic Cooperation and Development, of which the U.S. is a member, has a new report that says biofuels may, "offer a cure that is worse than the disease they seek to heal."

The biofuel industry is enjoying large subsidies: about $7 billion-a-year from the U.S. government. But this latest report says "the current push to expand the use of biofuels is creating unsustainable tensions that will disrupt markets without generating significant environmental benefits."