Friday, July 10, 2009

King Corn wants more and wants it now

The Great Corn Conspiracy continues unabated. The Corn Mafia wants an increase in the required ethanol content of gasoline from 10 percent to 15 percent. "This is not a surprising request," says Bernard Weinstein, professor of economics at University of North Texas:
considering that the industry’s facilities are 20% idle and that several large ethanol refiners have recently filed for bankruptcy, despite a 45-cent-per-gallon tax credit and a high tariff to limit imports of sugar-based ethanol from Brazil and other countries.
Be concerned America, very concerned.

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