Already reeling from the negative publicity from Time, a new problem emerges from the corn ethanol dilemma. The Competitive Enterprise Institute warns that aside from global warming and food shortage issues, the production of ethanol will also contribute to another environmental bugaboo... deforestation. If production is to be increased, that means land will have to be sacrificed. Which means forests will have to be chopped down to accommodate new farmland. This is even worse for corn, which has a nasty habit of sucking up nutrients in the land. Either way, it looks bad for the fuel. –Stephen Payne, Editor, Oil and Gas Investor This Week; spayne@hartenergy.com
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