The EPA hearts Big Ethanol

The Midwest suffered through some serious drought conditions this summer, meaning that the price of corn has gone up as harvest yields have gone down, and farmers’ organizations, meat industry groups, a bipartisan group of federal lawmakers, and nearly a dozen states petitioned the Environmental Protection Agency to waive the RFS requirements (the government’s interference in the market means that the amount of corn used for ethanol creates artificially high demand that helps hike up the price of corn, and livestock and food producers can’t cope).
The Environmental Protection Agency is not impressed. After hemming and hawing for months, they finally announced their decision today. Surprise — they’re sticking with their BFF, the ethanol lobby.The EPA hearts Big Ethanol « Hot Air