Of the almost 100 corn to fuel ethanol distilleries built with government subsidy and speculator leveraged financing in the Midwest, with only 3 distilleries have either broken even or made money so far, I’m now convinced that the Agro-Industrial folks, such as Cargill, ADM, etc have plans to be self sufficient in the near future when oil from Houston/New Orleans/Cushing energy complexes and the Alberta pipelines are both blocked from reaching the MidWest without brutal concessions demanded against the farming communities, in efforts to feed the starving masses in North America’s urban areas.
So the ethanol plants will sit there mothballed, while the price of corn, and the energy it provides, be it calories or octane, continue to soar relative to USD and US Treasuries yields’ purchasing power.
Enough with the oil industry propaganda. The half trillion a year we spend policing the persian gulf area is a subsidy for the oil industry that no one ever mentions when parroting the lies of big oil on ethanol or other renewables.
Pull out of the middle east and let them eat sand and kill each other.