Ethanol Death Watch As Corn Prices Rocket
John noted earlier that the floods on the Mississippi are going to wreak havoc on food prices this summer; They are not doing too much good for the ethanol industry either. According to Citygroup analyst David Driscoll, 3 out of 4 operating ethanol plants could be shut down in the next few months.
Earth2Tech counts 11 proposed plants that have been cancelled because financing was unavailable. As one expert on the biofuel scene said: “US ethanol producers are screwed." ::Earth2techTreeHugger on the Ethanol DebateGreen Basics: Ethanol Corn Ethanol Worsens Gulf of Mexico 'Dead Zone'Final Word on Ethanol's Efficiency as Vehicle FuelEthanol : Eco-Labeled Yet Losing Luster Fast Ethanol Follies in Upstate New York