Oct 16, 2006
Ethanol's euphoria wanes
Palm Beach Post: Everyone's heard of the dot-com bust. Now a "dot-corn" bust could be on the way, says the president of a Jacksonville company that dropped plans two weeks ago to build a corn-based fuel ethanol plant, citing prohibitively high costs. "We wanted to do it, but at the end of the day it was too expensive," said R.B. "Buzz" Hoover, president of Gate Ethanol LLC. Its parent, Gate Petroleum Co., owns or supplies about 300 retail gas stations. "The ...Link