Ethanol exit plan

Energy independence is synonymous with homegrown biofuels, specifically corn-based ethanol. The US senators voted on “Iowa farmers versus Saudi oil ministers”. The US Congress mandated that 7.5 billion gallons of ethanol to be blended into the fuel stocks by 2012. Last year, Congress increased the mandate to 15 billion gallons by 2015.
Proponents and opponents of ethanol are waging a war in Washington over whether biofuels have a future.
Ethanol has always been opposed by oil industry executives who are fearful of competition at the pump.