U.S. Facing Glut of Ethanol Plants

New U.S. biorefinery plants could over produce as much as 1 billion gallons of extra fuel causing food shortages and lose of revenue for the "green fuel" industry.

A new study reveals that ethanol production will go beyond current expections with 14 new plants coming on line. "Ethanol production could pull so much corn out of the food supply by 2008 that US corn exports could plummet. The food-fuel competition could push corn prices so high that some ethanol producers in the fledgling industry, which many deem vital to US energy security, would merely break even - or, if corn gets pricey enough, actually lose money."