Ethanol Bust #
October 22nd, 2008 | In Worth Knowing
The Financial Times confirms the good new (assuming of course, that you’re not invested in corn-based ethanol):
Six of the biggest publicly traded US ethanol producers have lost more than $8.7bn in market value since the peak of the boom in mid-2006 and the beginning of this month, according to an analysis by the Financial Times. The boom followed a 2005 law requiring refiners to mix billions of gallons of the biofuel with petrol.
(via Passport)