7/12/13

A tank full of bull

"While recent Supreme Court rulings on voting rights and same-sex marriage have held the nation’s attention, another decision slipped under the radar. In late June, the Supreme Court refused to hear a challenge to the U.S. Environmental Protection Agency’s program to raise the maximum ethanol content of gasoline from 10 to 15 percent, thus clearing the way for more ethanol production.  The Senate’s version of the Farm Bill, meanwhile, includes more than $1 billion of support for the ethanol industry. While these developments at the federal level are bullish for ethanol, many states are calling bull." More here
[Thanks BJS]