America's second largest ethanol producer goes titsup - The Register.
I like the quirky humor of The Register, and the stories are usually pretty good.
VeraSun Energy, the second-largest producer of corn-based ethanol did some future trading/betting that the price of corn would keep on going up, but they lost the bet resulting in losing the company. Why did they lose the bet? Larger harvests of corn, decrease price of oil, and decrease demand for gas resulting in less demand for Ethanol increasing the supply of corn.
I wonder if this will change the requirement at all for adding more Ethanol to the gas supply.
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