We are way too dependent as a nation on foreign oil, at a high cost to the consumer. By subsidizing biofuels, we can get off that dependence, and lower the costs of fuel to us at the same time. There has to be other, cheaper fuel sources out there, there just has to be. Oil should not be the only one we rely on. So yes I do think government should subsidize biofuels.
I believe that governments should subsidize biofuels in order to promote finding alternative forms of energy that can help reduce the world's dependence on oil and gasoline. Subsidizing biofuels would promote more scientists and companies to invest in alternative energy, which will help reduce climate change and provide energy for the future.
Biofuels, as stated in previous arguments, are less efficient as currently existing petroleum products. The U.S. already has enough oil to support itself, but the government does not want to take advantage of the oil reserves that we already have. Biofuels also require massive amounts of land to be cultivated and are said to drive up the prices of food, something we don't need as we begin to come out of this recession. By switching over corn from a product used for feeding people to fuel production, we are doing a disservice to those who need to eat.
Biofuels are ineffective and will not be profitably until they become more efficient. Furthermore, government subsidies always distort the free market, and if the product was any good, it wouldn't require subsidization. By subsidizing a less than perfect product we negatively effect the private businesses that actually produce top notch products in that field.
The federal government subsidizes certain industries to try to give them a competitive edge. Big oil, farmers, green energy and medical fields all get taxpayer funding for various ventures. If the government won't subsidize everyone, Congress shouldn't subsidize anything. It's a free market and taxpayers shouldn't fund any competitive enterprise. Subsidies amount to socialism, not capitalism.