Ethanol production - the potential future of renewable energy, the law, and the markets
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Submitted by Ethanol Blog
Written by Michael Vass
Oil at $100+ per barrel. Corn at $5 per bushel. Neither is a positive depending on who you ask and what their primary concern is. Neither of them is going to go down in the near-term either.
Why is that important? Because the high cost of oil, and the fact that it will run out in the foreseeable future, requires alternative fuels development and implementation. Those are facts that everyone agrees upon. Equally, because the primary alternative fuel in use now is ethanol, derived mainly from corn kernels, the cost per bushel is increasing. That arguably is increasing the cost of food prices throughout the world, hurting the poor. Not quite a fact, but a possible outcome.
