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Saturday, January 06, 2007
Environment - Another view on ethanol [Updated]
An earlier ILB entry today cited a NY Times story about how the demands of new ethanol distilleries is driving up the price of corn and thus inevitably increasing retail prices of meat, poultry and dairy products.
Today's Wall Street Journal has an equally interesting story in a column called "breakingnews.com" on page B14. It says that the way to reduce dependence on OPEC is to open up the borders to imported ethanol, rather than subsidizing U.S. ethanol production. It points out that in Brazil a gallon of ethanol made from sugar cane produces 10 times the energy needed to produce it, while in the U.S. "a gallon of soybean ethanol produces three times the energy it costs to prduce it, while corn-based ethanol makes a pathetic 1.3 times its cost of production."
[Updated 1/8/07] See this Christian Science Monitor story from 1/5/07 headlined "New prospect for US: glut of ethanol plants."
Posted by Marcia Oddi on January 6, 2007 07:35 PM
Posted to Biotech | Environment | Environmental Issues