The Problem With Mandates Like Ethanol
NEW YORK (CNNMoney) — The drought that’s killing crops across the Midwest and sending corn prices to record highs has revived calls to end or ease the government’s requirement that corn-based ethanol be blended with gasoline.
Current rules stipulate that nearly 10% of the nation’s gasoline supply come from corn-based ethanol. To make that ethanol, up to 40% of the country’s annual corn production can be required.
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