Ethanol Death Watch As Corn Prices Rocket

corn prices skyrocketing photo

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." ::Earth2tech
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