The ethanol industry is claiming victory with its stoppage of John McCain's (R-AZ) amendment to an agriculture appropriations bill that would've prevented the government from subsidizing E85 blender pumps.
Back in April, the Obama administration announced that it will offer incentives to gasoline stations that install E85 (a fuel consisting of 85 percent ethanol and 15 percent gasoline) blender pumps. This proposal, according to Secretary of Agriculture Tom Vilsack, was put forth in an effort to get 10,000 additional E85 pumps installed nationwide.
With the near future of ethanol looking bright in the United States, is it surprising that many state governments are starting to get a little sultry as they try to lure investors looking to build plants in their state? Not at all, as the Southeast Missourian reported recently.