It doesn't matter which party is in power in Washington (or state capitals, for that matter), companies that are spending billions of dollars to develop new products and technologies will spend at least a fraction of that amount to lobby politicians for policies that give them a leg up in the market. That's just what Ford, Archer Daniels Midland (ADM) and countless others are doing when it comes to "green vehicle" technology.
This year, ethanol producers in the United States turned 2.15 bushels of U.S. corn into the biofuel. This is three times as much as was converted in 2001, according to an article in Minnesota's Pioneer Press. Add to this Friday's announcement from the USDA that corn stocks are down seven percent compared to last year (which was a record high year, btw) and you begin to see where the ethanol boom is taking us.
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