Ethanol tax-credit extension misdirected?

Dan Sanders Jr. is glad Congress recently passed a one-year extension of a 45-cent-per-gallon ethanol tax credit.

The tax credit originally included in legislation passed in 2004 was set to expire on Dec. 31.

But Sanders is quick to note the blenders’ tax credit won’t directly benefit him or Front Range Energy, the Windsor ethanol production facility he runs with his father, Dan Sr.

“I think it’s overall good for the consumer to stabilize fuel prices,” he said. “The one-year extension will give Congress time to evaluate the incentives for all fuels, including oil. “One of the big misconceptions about the tax credit…