As Drought Kills Corn, Farmers Fight Over Ethanol : The Salt : NPR

As Drought Kills Corn, Farmers Fight Over Ethanol : The Salt : NPR

"Renewable Fuel Standard," which requires gasoline companies to buy a minimum amount of ethanol — 13 billion gallons this year — and blend it into gasoline supplies. The groups released a new study that argues that this ethanol mandate does very little good: It increases the cost of gasoline and makes the country no less dependent on energy imports.
Even worse, the meat producers say, it creates unfair competition for corn. The mandate forces gasoline companies to buy billions of gallons of ethanol that they don't even want, driving corn prices through the ceiling and potentially forcing livestock producers into bankruptcy.

Just another example of the stupidity of our Congressional  "Wizards of Smart."