For the Ethanol Industry, a Delicate Political Balance

Reuters
Tue Jun 14, 2011 7:02am EDT
Kevin Dobbs, Midwest Energy News

An ethanol tax credit costs about $5 billion annually and is set to expire this year if Congress does not extend it

SIOUX FALLS, South Dakota — Jeff Broin, the chief executive of ethanol production giant Poet LLC, says that if one looks out 20 years and envisions a U.S. market permeated with ethanol-blended fuel products, the country's dependence on imported oil "could easily go away."

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