Thursday, October 18, 2012

REPORT: EPA MAY REDUCE USE OF ETHANOL IN GASOLINE


(NBC News) -- NBCnews.com reports, "The EPA may shift corn away from ethanol use ... in the wake of this summer's fierce drought" due to shortages of the grain.  The NBC story states that under the 2007 energy bill, "15.2 billion gallons of ethanol would need to be used this year, with the plan to more than double that by 2022."  But a USDA forecast released last week predicted "next year's global corn stockpiles will (fall) to the lowest levels in 39 years."  The request to lower the ethanol requirement has the agriculture community divided.  "The EPA is expected to rule on the ethanol waiver request by early November." 

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