| Obama vehicle plan another pothole for ethanol |
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 President Barack Obama's tough fuel economy program for vehicles could put another damper on the struggling ethanol business, because the alternative fuel packs a lower energy content than gasoline.
Obama on Tuesday introduced the most aggressive proposal yet to boost U.S. auto fuel economy standards -- a bid to reduce vehicle emissions of climate-warming gases. ID:nN19424837. The proposal would require passenger vehicles to average 35.5 miles per gallon (6.62 liters/100 km) by 2016.
"It's going to be a headache for the ethanol industry," said Daniel Flynn, an analyst at Alaron Trading in Chicago.
Guardian
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Posted on Wednesday, May 20 @ 08:43:20 PDT by stu |
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