Terry Branstad didn't mince any words about it, either.
It’s clear that the ethanol mandate is no longer working for consumers and must be altered dramatically. The steady stream of lawmakers coming out against the law is only further proof of this fact. Until something is done, the pain at the pump and in the supermarket will only grow and the calls to repeal the mandate will multiply. The time for reform is now.
If the 2009 financial crisis taught us anything, it's that market manipulation and speculation is a recipe for disaster. Four years later, we don't seem to have learned our lesson. Wall Street has found another, more obscure, market to manipulate: ethanol credits. Fortunately, the EPA has the power to bring transparency to this marketplace -- it just needs to do it.
Eighty homes were evacuated on Monday night after a propane-ethanol pipeline exploded north of Erie, Illinois, causing no injuries, according to Erie fire officials.
Watch: Corn is in 3 out of every 4 products you buy at the grocery store. There are some things you should know about it.
Now remember, a lot of other foods are dependent on corn. The bulk of corn grown in the U.S. is consumed by livestock, poultry, and fish production. Approximately 12% of the U.S. corn crop ends up in foods that are either consumed directly or