corn ethanol bust continues
Written on the original Movable Type site and recovered from the Internet Archive.
Very hit it home story from bloomberg
As I pointed out months ago, we are WAY long on ethanol.
“The 168 plants had capacity for 9.96 billion gallons as of Aug. 26, almost 1 billion more than the U.S. requires this year, the Washington trade group Renewable Fuels Association says. Another 43 plants scheduled to be built or expanded would raise capacity to 13.8 billion gallons. Most make ethanol from corn.”