Ethanol Loses Friends and Influence . . .

Started by redcliffsw, December 31, 2013, 06:55:53 AM

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redcliffsw


Ethanol lies at the heart of a tangled nexus of special interests, pitting farmers against energy producers. Although biofuel mandates have enjoyed wide backing in Washington since they first were introduced in 2007, the complicated and expensive mechanics of enforcing the Renewable Fuel Standard have emboldened opponents, who want to kill the ethanol requirements.

In the absence of more advanced biofuels, which have failed to take off as promised, farmers have churned out corn-based fuel sources in anticipation federal mandates would create a captive market. In October, ethanol production surged to the highest level in more than 16 months, amid record corn crops and lower gasoline demand overall.

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http://www.cnbc.com/id/101297359?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=101297359%7CEthanol%20loses%20friends%20and




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