Some Say Current Fuel Market Reminiscent of 1980s
"When oil prices dropped, it killed that push to ethanol – and you could have that happen again," says Chad Hart, an agricultural economist at Iowa State University. But there is a safety net this time, he and others agree: the US Renewable Fuel Standard (RFS). Today the US produces 9 billion gallons of ethanol from corn but under RFS is mandated to make 36 billion gallons by 2022.
That demand, most of which must by law come from cellulosic ethanol and advanced biofuels, is aimed at reducing... Full Story
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