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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