In the Energy Independence and Security Act of 2007, it laid out a framework that was set to increase ethanol in the U.S. to help reduce our dependence on foreign oil. A large part of that effort thus far has been fulfilled with corn ethanol. It appears, though, that this could be coming to an end.
Current legislation in Congress is looking at removing the corn ethanol mandates and reduce the amount of ethanol in gasoline to 10%. The move, which has support on both sides of the aisle, could spell trouble for the politically contentious industry. In this video, Fool.com contributor Tyler Crowe takes a look at why corn ethanol is in hot water right now and what it could mean for players in the ethanol and gasoline markets.
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