Today in Biofuels Opinion: “If we got the prices we anticipated — high $3s — everybody would be happy. Ethanol would be cruising along just fine.”

Governor Arnold Schwarzenegger of California, commenting on the Bush administrations refusal to pursue carbon dioxide regulation under the Clean Air Act: “Well, to be honest with you, if they would have done something this year, I would have thought it was bogus anyway… because you don’t change global warming and you don’t really have an effect by doing something six months before you leave office. I think that the way they have done it is much better, because it just really means basically this administration did not believe in global warming, or they did not believe that they should do anything about it since China is not doing anything about it and since India is not willing to do the same thing, so why should we do the same thing.”

Keith Collins, former chief economist of the USDA, now a consultant to Kraft Foods: “We expected stronger prices for corn. If we got the prices we anticipated — high $3s — everybody would be happy. Ethanol would be cruising along just fine.”

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