Gov't Subsidized Ethanol Also Going Broke

[Stray Cat]

Like the Wall Street markets, ag commodities (corn) have dropped 50 - 60% since summer. (Should result in lower cost food right?.....yeah right) One of the midwests largest corn based ethanol producer has filed chapter 11

http://online.wsj.com/article/SB122713910062242561.html?mod=googlenews_wsj

Even when subsidized by the government, this industry can't make a go of it....a somewhat dim light bulb should be going off in Washington.

 

[Go Aweigh2452]

That to me is good news. About time they give up on the corn and go with sugar beets.

Always thought it a gold mine if New Orleans would invest in sugar beet production and turn it into ethanol... takes a lot less oil to make the ethanol than with corn by about 3 times...

 

[dpvandy01]

That to me is good news. About time they give up on the corn and go with sugar beets.

Always thought it a gold mine if New Orleans would invest in sugar beet production and turn it into ethanol... takes a lot less oil to make the ethanol than with corn by about 3 times...

Look what it did for Mrs. Howell:lol: