Big Ethanol Admits Biofuel Mandates Inflate Corn Prices

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Big Ethanol Admits Biofuel Mandates Inflate Corn Prices

Yesterday, the head of the ethanol lobby Bob Dinneen testified in front of the House Energy and Commerce Committee on the Renewable Fuel Standard. Dineen admits that ethanol mandates were intended to raise the price of corn, costing consumers but lining corn growers' pockets.