EPA ethanol requirements and the drought cause higher prices of corn

From Businessweek: Lawmakers Increase Pressure on Obama’s EPA to Ease Ethanol Rule

"Rising corn prices are hurting livestock producers, food manufacturers and consumers, the lawmakers led by Republican Representative Bob Goodlatte of Virginia said today in a letter to Lisa Jackson, head of the Environmental Protection Agency. The EPA regulates the renewable-fuels market, and Jackson can adjust or waive the ethanol requirement if it would cause 'severe harm to the economy or environment.'" Read more...

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