Re: A study says that ethanol is worse than gasoline for the environment
The U.S.D.A. estimates the 2007 corn crop to be 12.5 billion bushels if the weather turns out to be "average".
The U.S.D.A. estimates "total useage" of corn, including Food, Animal Feed, Ethanol, and Export in 2007 to be 11.6 billion bushels of corn.
If everyone gets what they need, in 2007 there is an expected 900 million bushel surplus of corn.
This "cushion" of excess, if realized, could produce 2.4 billion gallons of ethanol... above and beyond what is actually expected to be made this year.
Just this "cushion", just the surplus, could fuel 50 additional ethanol plants for a year.
U.S.D.A estimates corn prices of about $2.50 per bushel if weather is better than expected, $3.40 if "average", and $4.00 if weather is "disasterous". U.S.D.A expects lower corn prices with the 2008 crop, as the 2008 crop is expected to be larger than the 2007 crop.
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