Friday, February 13, 2009

Ethanol in Trouble?

The New York Times reports that with gasoline prices slumping and corn prices steady, the immediate future of ethanol looks dim. When Congress mandated that refiners blend ethanol into the nation's gasoline fuel supply in 2007, everyone expected the ethanol industry to keep growing. Now it looks like the moderate ethanol production goals set less than two years ago will not even be met. Read the article.

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