| From Timesoftheinternet.com: A gold rush that involved the golden ears of corn processed into ethanol has proved to have an Achilles heel, an agriculture economics professor said.
Ethanol prices are tied to the price of energy commodities, which have dropped sharply in the past year. Oil prices, for example, were at $147 per barrel in July and have dropped to less than $40 per barrel recently. The price of corn, meanwhile, is less than record prices but relatively high, the News Bureau at the University of Illinois, Urbana-Champaign reported Monday..... Full Article: Source
|