Tuesday, January 23, 2007

Ethanol fuel hit as price of oil drops but corn soars

(Source: NZ Herald) Interesting dilemma:
The economic viability of ethanol as an alternative to petrol has been thrown into question as the oil price fell below US$50 a barrel yesterday for the first time in nearly two years, while the price of corn - the main ingredient in the new fuel - surged to a new 10-year high.

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