Today in Biofuels Opinion: “I guess that’s what happens when you produce a worthless product.”

From the Motley Fool: “The Wall Street Journal ran a piece a couple of days ago about the government bailout that the ethanol industry is pushing the government for. An Ethanol Bailout?.  Ethanol producers are really hurting right now (I guess that’s what happens when you produce a worthless product…which is exactly what fuel made from corn is in its current form).” 

Jens F. Laurson and George A. Pieler in Forbes: “ Yes, the trio of Energy Secretary Steven Chu, climate change czar Carol Browner and Environmental Protection Agency Director Lisa Jackson could well outweigh the impact of financial leaders Tim Geithner, Larry Summers and Peter Orszag, thanks to the former group’s determination to strip the U.S. economy of its carbon…Most critically, Team Obama will decide how to raise the cost–and thereby deter the use–of fossils fuels and the products that use them. The recent plunge in oil prices moved the magic price, the point at which alternative fuels become economically reasonable, out of reach.”

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