Monday, May 5, 2008

Getting a Bum Rap

BusinessWeek Ethanol Bum Rap Food FuelBusinessWeek has an informative article, "Is Ethanol Getting a Bum Rap?", that is worth reading which looks at the recent attention concerning the biofuel.
First, a reality check on corn ethanol, which isn't quite the villain critics make it out to be. Last year, American farmers grew a record 13.1 billion bushels of corn on 85 million acres. Of that, 22% went to make about 7 billion gallons of ethanol. That still left enough corn to supply the domestic market, increase exports to record levels, and stockpile a 10% surplus.
Whew. At least someone looked at the facts instead of rehashing the news release from the American Petroleum industry that we're at the apocalypse unless we burn more fossil fuels.

Source: BusinessWeek

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