« How Much Does Ethanol Cost Us | Home | Brazil Goes Investment-Grade »
Lawmakers Revisit Ethanol Mandates As Prices Soar
By Mr Ethanol | May 2, 2008
NPR:
Four months ago, Congress sharply raised production targets for ethanol fuel, from the current 7 billion gallons a year to 36 billion gallons by 2022. Now, some lawmakers are asking whether the ethanol mandates come at too high a price.
The mandated, subsidized biofuel uses corn as its main feedstock. Last year’s production required a quarter of the nation’s corn harvest, which has led to soaring corn prices. That led to corn displacing other crops.
But trimming those mandates, which have brought windfalls to farm states, may be politically perilous during an election year.
Topics: Ethanol Prices, Law, Legislative, News |
Related Posts
- Ethanol’s Failed Promise
- Energy Bill Unlikely To Be Of Much Help
- Ethanol Backers Go On Offensive
- Campaigns Clash Over Ethanol
- Bill Would Require Lawmakers To Disclose Tax Credits Received
- Irrational Policy: Ethanol Rules Are All About Politics
- Speculation Adds To Oil Price Surge
- Bio-Insanity: Ethanol Subsidies Will Make Food Costs From Flooding Worse
- Going Green’s No Good For Gas Prices
- Ethanol Celebrates A Milestone
New Way Of Making Easy Money Online