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Ethanol Industry In Sunset? Not So Fast
By Mr Ethanol | March 14, 2008
Reuters:
With soaring food prices and mounting criticism, it might seem the nascent U.S. biofuel industry has seen its best days.
But don’t underestimate the determination of Washington, the farm lobby and science to keep it alive.
The corn-gobbling ethanol industry is under fire from all sides, blamed for everything from rising food prices to environmental damage.
Ethanol is also driving a wedge in the farm community with grain farmers celebrating record prices while livestock producers and bakers grumble about rising costs due to the green fuel craze.
The ethanol industry itself is struggling to maintain profitability in the face of record corn prices, while fighting to win back its street cred as producer of a miracle green fuel.
Topics: Ethanol, Industry, News |
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