Tuesday, November 29, 2005

Ethanol growing stronger?

A press report today touts that ethanol is growing in popularity...so much so it may no longer need to be subsidized by the government.

The ethanol business, once perceived as an industry kept alive mostly by government support, is becoming more viable amid worries of a global oil crunch, reported the Associated Press.

Innovation and investment are transforming the process of turning corn kernels into auto fuel, making it the leading near-term alternative to petroleum for the nation's 225 million cars and trucks, according to the report.

I guess that's what happens when you get the Government to legislate your competition out of business, eh?!?