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August 13, 2008 | Jim Lane | Comments 0

Today in Biofuels Opinion: “The entire U.S. will go to a 10% [ethanol] blend; the course has been set”

Don Endres, CEO of VeraSun Energy, commenting on the $1.21 spread between ethanol and gasoline prices: “In the fuel business, dollar-plus margins are unheard of. The entire U.S. will go to a 10% [ethanol] blend; the course has been set and [blenders are] making very good money.”

Keith Johnson in the Wall Street Journal blog, Environmental Capital: “Is Texas governor Rick Perry right to be wary about ethanol?…Ethanol’s share of the corn harvest, the USDA says, will jump 37% this year, and will now swallow fully one-third of the 12 billion-bushel U.S. corn haul. USDA economists now talk about a floor for the price of corn and other grains—not a speculative or short-term bubble, but a new reality. Says the WSJ: “Ethanol was already on the dock for a number of reasons, from the environmental to economics. But when a near-record corn harvest promises to keep corn prices high, is it time for a re-think?”

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