Political pressure keeps ethanol cash flowing

By most rational measures, the corn-based ethanol industry should be on its knees. Its six biggest public companies have lost more than $8.7bn (

The global financial crisis has given fresh ammunition to critics who say the US can no longer afford such government largesse, and there is no let-up in the clamour to blame biofuels for exacerbating world hunger.

… Yet such is the enormous political and corporate weight behind the industry that only a brave gambler would bet on it fading away soon.

Financial Times