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Ethanol producers' profits are withering like a thirsty cornfield on a 100-degree August day and it looks as if there's a push to persuade friendly members of Congress to ante up some bailout bucks for an industry already awash in subsidies.

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Using corn for fuel is being challenged by many.
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So it can't come as good news to all those red-state corn growers and ethanol producers that a major conservative think tank, the Competitive Enterprise Institute, has just come out in favor of killing the federal government's mandate that U.S. production of ethanol for transportation fuels double to 8 billion gallons a year in 2012 from 4 billion gallons in 2006.


The institute issued a report today maintaining - as have many others on both side of the political divide - that demand for corn-based ethanol has resulted in  "radically higher food prices and a massive loss of forests and grasslands."
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Tags: Biofuels, Ethanol, Opinion, Competitive Enterprise Institute, Corn Ethanol, Ethanol Impact on Food

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Don't Kill Ethanol; Change the Feedstock and Say 'No' to Corn was originally published by Green Car Advisor. Read the full story by clicking here.