W pushed for Ethanol production, especially to fend off the Brazilian ethanol machinery that has been running for years.
What we saw in the past 18 months or so was a rise in food prices globally (with food strikes in some parts such as Egypt). But now... despite the capital that went into building all these plants, E85 remained constantly at a premium to petrol.
What is even more sad is the fact that many of the plants are being shut down because the plan did not factor in the fact that with an economy that is going tits up, less people will drive and even those who drive will not be driving cars that run on E85.
My thought is that going for the tough scientific possibilities should be done gradually and as long-term undertakings instead of getting excited and being way too short-sighted.
More on the failure from the New York Times
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment