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Ethanol Glut Sinking Farmers' Hopes

'Gold rush' fades as biofuel prices plummet

By Wesley Oliver,  Newser Staff

Posted Sep 30, 2007 4:46 AM CDT

(Newser) – A glut of ethanol has sent prices plumetting, staggering the hopes of farmers and businesses who once counted on a biofuel gold rush, reports the New York Times. Companies and farm cooperatives built so many ethanol distilleries that production has far outpaced demand, in part...   Read full story »

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