[Source: Wall Street Journal]
How many E85 pumps do you have nearby? Odds are, not very many. Meanwhile, production of ethanol continues to climb and more corn is being consumed for fuel production. That's driving up prices of grain for livestock feed. All in all almost no one is happy. In spite the fact that people are starting to realize that corn ethanol is clearly not a panacea, there may actually be an upside to this. Perhaps the increased price of feed grain will encourage more livestock producers to get them off the feed lots and go back to grazing cattle on grass like they were meant to. That would probably help reduce the incidents of toxic E Coli and methane emissions. Cattle aren't supposed to eat grains, anyway, and can't really digest them properly.