Biofuels: The Benefits and the Bad News

The rush is on for biofuels: to end dependence on oil, help solve global warming and create jobs for the rural poor. Corn-belt farmers are giving thanks today for ethanol, which brings incentives and subsidies from states and the federal government.  But last May, the UN reported that biofuels may cause more environmental problems than they solve, as well as increasing the price of food. On this archived edition of To the Point, we weigh the pros and cons of energy from agricultural products. Is it really cleaner and cheaper? Is the US moving too fast?