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New Mexico | has had a "good times" econ boom associated with the build to supply the 10% mandate.
Then oil price broke....and now most of the ethanol plants are BK or in receivorship.
What the afore did was also extinguish the value of the original investments in those plants.
The investore were basically cooperative tiers within localized communities: Savings funds from Churches, Retired People, etc. it's a LONG LONG list of once local savings now simply vanished!
Worse yet..some of the savings were invested on a matched 1 to 1 basis with Loans too!
Granted the oil cos are the beneficiaries, as they are now owning more E plants for about 10 cents on the dollar.
KDD...You may think thee afore is a good thing..and in your area it may be. For most now...and btw in the areas where Most E is produced ( NE SD IA ), the long term negative affects from evaporated savings are just beginning.
Ethanol has a bunch of major problems:
Until some of the govt payola actually backs OUT that supposed industry will never be able to prove itself as being viably long term beneficial.
(there's a 10% mandated use law....no other subsidies should be needed for that market affect to play )
Until E 10 can operate as a whole smoothly and beneficially for ALL, the talk about E 15 is a ruse on the first so far real piss poor joke.
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15% Ethanol
