WATCHING WASHINGTON OIL AND ETHANOL SQUARE OFF AGAIN

With Patrick Crow Oil and ethanol are at it again in Washington. The White House, for political reasons, is considering actions to boost ethanol use, most likely by giving ethanol a waiver from volatility limits set in the regulation negotiated (reg-neg) on reformulated gasoline. That would help President Bush's reelection prospects in the grain belt states. Meanwhile, Sen. Dave Durenberger (R-Minn.) was preparing a Senate resolution to declare the reg-neg approach for certifying

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