"But the U.S. ethanol building boom is over. 'It all came to a screeching halt when our friends on Wall Street manipulated the commodity market,' Fagen said"
I think this comment is very valid. We should take notice of what has happened as Wall Street may very well destroy what is left of the American farmer too.
A few years back, I was listening to a discussion on NPR where two "experts" were arguing over if ethanol was really reducing the country's dependence on oil. I thought "ya know, if the net gain from corn based ethanol is so small that we all can't agree that it's reducing the country's oil consumption, I have my doubts that ethanol is really worth all this effort."
I know there is a camp that wants to reduce our dependence on foreign oil. Part of me says, heck, let's drain the middle east. Once it's gone, then they will have absolutely nothing left over there but sand.
At the end of the day, I favor eliminating all the subsidies and tariffs and let corn based ethanol stand on it's own. If it can compete with sugar based ethanol, great. If it can't, than that's the free market at work. Just my $.02
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Today's Featured Article - Show Coverage: The Old Gold National Antique Tractor Show - by Cindy Ladage. Over the fourth of July weekend, the Illinois State Fairgrounds in Springfield, Illinois, was the site of the Old Gold National Antique Tractor Show. Tractors of all makes and models were displayed and separted into categories by their age. Deere, Oliver and even a Wards and Keck Gonerman were part of the crowd. A sea of red International Harvester's seemed to be the the model with the biggest showing. The crowd was decent for the scorching July heat. The opening day started o
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