That's what they said about this...
...before Tommy Daschle and his fellow kleptocrats "existed" it.
Just sayin'.
“But if those plants falter, it could send an already troubled industry reeling.”
The dirty little secret is that there is no “industry”. This whole farce from pseudo companies to all the “science” backing it up is due to billions of dollars of taxpayer subsidies.
No where in the world does this “industry” exist. It is unicorn glitter encased in a sno-globe up on a bookshelf for all to admire, but worthless in its entirety.
Bush made a mistake in this initiative. Obama insists on doubling down on stupid. Its what government does best.
Actually he didn't make a "mistake." Since anyone with an IQ higher than room temperature knows ethanol as a fuel is a fraud, and Bush is smarter than that, he knew it was all smoke and mirrors from the get go - but it put taxpayer dollars in the pockets of some big Republican backers and THAT was the goal.
“..No where in the world does this “industry” exist...”
Actually, it does. BP has a R&D/demonstration cellulosic ethanol plant that uses baggasse waste from the local sugar cane farming in SW Louisiana. It’s located just east of Jennings, LA on Hwy. 90 on the west bank of the Mermentau River. Google Map: 30.200333,-92.598451 and that is it. As far as I know, they’ve never made any ethanol for commercial usage. It’s all been a huge R&D effort for the past several years. BP was planning on using the technology developed from this R&D plant to construct commercial plants in several areas. One in Florida and another in east Texas. The one in Florida was supposedly pretty much under construction. However, I’ve heard recent rumors that are going to quench all the biofuels effort. BTW, if you think it’s tough to get a gallon of gas out of crude oil, try getting a gallon of ethanol out of baggasse. It’s way more costly and time-consuming. Don’t ask me how I know....lol