|
| The 'hope' is that weather will cooperate more and we will either have significantly higher yields in traditional corn growing areas or corn that can grow better in more non-traditional areas. The result is supposed to be huge supply that would drive price to nothing if it wasn't for fuel uses. That sort of happened when ethanol first came along - price went from roughly $2 to $3 - supply was being used up and we could still grow pigs (profits did go down). Naturally hsus and peta are trying their hardest to reduce feed demand by suggesting cows and pigs are sad because they have no hope of going to college (hopefully patriot in all of us lines up the grill just behind guns as things that don't get taken away).
As with all government intervention no one is smart enough to pick a blend number that won't result in a skewed market and possibly dysfunctional market. Kind of trashes the all the 'good intentions' behind the plan. | |
|
EPA Proposes 2013 Renewable Fuel Standards
