Despite Obama’s clear support for ethanol, refineries continue to drop like flies. UPI reports that four Pacific Ethanol Inc subisdiary refineries have filed bankruptcy documents in Delaware. High corn prices and low fuel prices continue to kill the market for ethanol (such as it is); apparently the evil grocery lobby is still hard at work. Ethanol refiners are reporting around 30 cent per-gallon losses. (Interactive map of ethanol pumps found here.)
12 Comments on “Ethanol Bankruptcies Continue Apace...”
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Couldn’t happen to nicer people.
Want to ruin our boat and motorcycle engines?
Now drown in the shit.
Its bound to happen…why pay almost as much as RUG and get 20% less mileage? The numbers on this hoax have NEVER added up, not with $150 crude and certainly not now.
Maybe those ethanol plants can be converted to THE “real-deal” biofuel…BIODIESEL.
These ethanol producers aren’t paying the full price for the corn anyway since the farmers must be paid by federal subsidy to stay in business.
Burning food to power Hummers was a stupid idea from day one. We would be so much better off had a 10% improvement in fuel economy of the fleet been accomplished instead of trying to get 10% of our fuel from corn. Really, really dumb.
The Ethanol dodge ramped up at the same time the fleet average fuel economy in the US was dropping. Like I said, really, really dumb.
A friend is currently restoring an E-type Jag. I have to assume that engine would be completely ruined by miracle corn fuel.
Looks like somebody is next in line for a bailout. JACKPOT!
It’s stupid to make ethanol from corn, but E85 isn’t crap. It’s federally subsidized 105 octane drag racing fuel sold cheap at Kroger!
http://www.hotrod.com/techarticles/hrdp_0801_e85_ethanol_alternative_fuel/e85_race_fuel.html
http://www.raceone85.com/
“A friend is currently restoring an E-type Jag. I have to assume that engine would be completely ruined by miracle corn fuel.”
As long as he uses fuel system components made from modern rubber it shouldn’t be a problem. I have a ‘67 Jag sedan which has no issues dealing with the 10% ethanol blended fuels standard here in CA.
As long as he uses new rubber and the valve seats have been hardened for use with modern unleaded, it should be good to go.
I have a 71 E Type, and I haven’t had a problem with the 10% ethanol. I have had both the original Strombergs and now Webers, and gas seems to be the least of my worries. What I have learned is that you DO NOT want to use lead substitute, since European cars of that vintage were used to unleaded.
Oops. Guess there’s no need for a valve job, then.
George B:
Unfortunately high octane only matters in cars that are designed to take advantage of it.
For street cars running a naturally aspirated engines at high compression is out of the question because it would limit the cars to only running on E85, but some very interesting things could be done with turbo cars.