A suit filed in federal court by a coalition representing grocers, restaurants and meat producers seeks to reverse the recent decision by the Environmental Protection Agency allowing gasoline containing 15 percent ethanol (“E15”) to be sold for cars built in the 2007 model year or later. The suit alleges that the EPA exceeded the authority granted to it under the Clean Air Act. Read more...
In related news, the U.S. Department of Agriculture has lowered the forecast for this year’s corn crop while raising estimates for the use of corn for ethanol. Corn production is now forecast to be 12.5 billion bushels, one percent less than the October forecast and four percent less that last year’s record production of 13.1 billion bushels. The USDA increased its estimates for corn use for ethanol in 2011 by 100 million bushels based on record October ethanol production and favorable ethanol producer margins. Read more...
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