Pluses: May reduce U.S. reliance on oil imports and enable moderate reduction in emissions of greenhouse gases compared with oil. Fosters the building of biofuels infrastructure. Minuses: Ethanol is energy intensive to produce, and the recent boom has pushed corn prices to more than $5 a bushel (from $2 in 2006). That is increasing the [...]
The dangers of ethanol Rising gas and food prices show the risk in economic miracles. By Allan Sloan, senior editor at large Photos The pros and cons of biofuels View photosGreen to go: Energy More Videos Save money, stop eating More VideosMore from Fortune The Fed’s golden opportunity Out to steal Grand Theft Auto fans [...]
