Ethanol May Not Justify High Food Prices: Lawmakers

Law360, New York (April 25, 2008, 12:00 AM EDT) -- With food prices skyrocketing around the world, some politicians have begun to question whether the United States should really be ramping up its corn-based ethanol production. But although ethanol advocates admit that the political climate has worsened over the past few months, they say a significant shift away from biofuels is unlikely.

Under the Energy Independence and Security Act, which was signed into law in December, the renewable fuels standard in the United States will be raised to 36 billion gallons per year by 2022. Sixteen...
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