| patanx Wed Nov 29, 2006 1:38 pm |
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The new days: the boost of Ethanol You don't need a crystal ball to see a ramp-up in government support for ethanol coming down the pike. Just look at who's in charge of next year's doozy of a farm bill.
The reauthorization of the massive 2002 bill is likely to dominate the next session of Congress, and it will have a whole section set aside just for energy.
Already, ethanol producers benefit from a constellation of government supports, including a tariff on imported ethanol, subsidies for growing corn and blending the fuel, crop insurance and a guaranteed market: The Energy Act of 2005 required refiners to ramp up ethanol use from 2.5 billion gallons last year to 7.5 billion gallons by 2012.
Now, the farm bill may lavish even more on the industry.
For more of ts article visit e-nvestments.blogspot.com |
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