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Ethanol, corn, and water

07/04/2011
In November 2010 Americans elected a Congress pledged to make major cuts in federal government spending. On June 14, 2011, the Senate voted to ignore that pledge and keep the corn ethanol subsidy—$6 billion for 12.6 billion gal of corn ethanol in 2011, mandated by the 2007 Energy Independence and Security Act (EISA). Two days later, the Senate reversed itself and voted to end both the subsidy and a protective tariff against ethanol from Brazil. This latest vote may not mean much as it is an amendment to a spending bill which may not pass. In addition, President Obama has indicated his opposition to an immediate end to the ethanol subsidy.Producing 12.6 billion ethanol gal in 2011 wi...
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