Not the housing bubble, this time. The ethanol bubble. Companies are building plants like crazy throughout the midwest, even down into where we are, in the Southern U.S. Looks like it might be a classic case of getting the cart before the horse...
Ethanol: Not Economically Viable
Ethanol plants are facing bankruptcy due to rising corn prices and too-low ethanol prices. "Agriculture Commissioner Roger Johnson says plummeting ethanol prices and rising corn prices are causing problems in the ethanol industry. There are reports that some U.S. ethanol companies that are on the brink of bankruptcy." You know why this is happening? Because [...]
Tags: Ethanol, Corn Prices
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