Thursday, May 22, 2008

Some of the pressures facing ethanol

By The Associated Press - The ethanol industry finds itself with fewer friends these days. Some of the forces lining up against it:

HIGH FOOD PRICES: The food industry says ethanol and its demand for corn is behind much of the run-up in food prices over the past year and food shortages in some countries. Ethanol makers and a number of independent studies say ethanol is a minor factor compared to oil prices.

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