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WASHINGTON (Reuters) - Democratic presidential nominee Barack Obama told farmers on Tuesday that he backs the federal requirement to use ethanol as a way to reduce reliance on oil imports.
The alternative fuel, distilled mostly from corn (maize), is popular in farm country, particularly the U.S. Midwest. But sky-high grain prices and rising food prices have led to suggestions to relax the so-called renewable fuels standard.
Federal law calls for use of 9 billion gallons of ethanol as motor fuel this year.
So in camp A, we have someone who promotes unjustified subsidies in unproven technologies and bars cheaper imports to make up the difference. In camp B, we have someone who
wants to remove these obstructions.
You choose!
WASHINGTON (Reuters) - Democratic presidential nominee Barack Obama told farmers on Tuesday that he backs the federal requirement to use ethanol as a way to reduce reliance on oil imports.
The alternative fuel, distilled mostly from corn (maize), is popular in farm country, particularly the U.S. Midwest. But sky-high grain prices and rising food prices have led to suggestions to relax the so-called renewable fuels standard.
Federal law calls for use of 9 billion gallons of ethanol as motor fuel this year.
So in camp A, we have someone who promotes unjustified subsidies in unproven technologies and bars cheaper imports to make up the difference. In camp B, we have someone who
wants to remove these obstructions.
You choose!