...followed by a bust.
The first green ‘gold rush’ is already a bust. The ethanol whores at ADM sucjed up the $ and we paid in higher food prices. Now even the gov’t 50cent a gallon subsidy and tariffs on Brazilian ethanol can’t keep e85 competitive with unleaded. In our area gas prices have fallen so fast refular unleaded sells for less than E85. Even a moron with a flex fuel vehicle would be out of his mind to put the E85 in his tank. It gets about 20% worse fuel mileage than regular unleaded.
Ethanol plants around the midwest are shuttering due to high corn prices and low ethanol selling price. A perfect example of gov’t intervention creating a new industry built on faulty economic assumptions. Now it is imploding and nobody should be surprised one bit.