One question I seldom hear asked of the ethanol advocates is why they don use ethanol for the distillation process. Would that be a forfeiture of the 51-cent subsidy?
Since ethanol spot has been hovering below $2/gal for quite some time the profit margin is nowhere near last years margin. IMO much of the planned future production will not be coming on line if current prices hold. Also 07 corn crop may not exceed 11 billion Bushels, too many acres have been stressed by drought.