Food Crisis Causes Corn Ethanol Rethink
May 5th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsRising food prices and are causing lawmakers in Washington to rethink support for corn ethanol, reports The Wall Street Journal.
According to the WSJ: “Two dozen Republican senators on Friday — including Republican presidential candidate John McCain — asked the Environmental Protection Agency to ease requirements mandated by Congress in 2007 to blend more ethanol and other renewable fuels into the gasoline supply.”