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November 13, 2012

Ethanol mandate about to burn out?

Falling U.S. demand for gasoline has combined with high corn prices to force the closure of several U.S. ethanol plants. Ethanol makers are actually losing money on every gallon of the fuel they make this year, but they can’t stop making the stuff because the Renewable Fuel Standards enacted during the George W. Bush administration mandates production of 13.2 million gallons of ethanol to mix with gasoline this year.  Read More

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