Ethanol Datapoint of the Day

Remember the ethanol bubble? Looks like it’s


The price of ethanol soared earlier this year to record levels of more than

$4 a gallon as the Bush Administration vowed to boost production of alternative


Ethanol prices have slumped in recent months, to less than $1.70 a gallon…

Construction on new ethanol plants is down more than 60% from last year.

Is there any hope that once corn farmers give up on their ethanol dreams, the

US government might start allowing the import of much cheaper sugar-cane ethanol

from Brazil? No? Didn’t think so.

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