Ethanol Burned As Fuel Prices Fall And Credit Dries Up
Kansas City, MO – While lots of industries are in trouble these days, it's hard to think of one that's been turned upside down quite the way ethanol has. Three years ago the profits were huge, and companies excitedly planned hundreds of new plants. The "dot corn bubble" popped earlier this year, before the recession hit. Now the industry faces a major transition, in a recession.