Five years ago, rural America was giddy for ethanol.
Backed by government subsidies and mandates, hundreds of ethanol plants rose among the golden fields of the Corn Belt, bringing jobs and business to small towns, providing farmers with a new market for their crops and generating billions of dollars in revenue for the producers of this corn-based fuel blend.
The only problem with ethanol is making it out of corn.
When Henry Ford told a New York Times reporter that ethyl alcohol was “the fuel of the future” in 1925, he was expressing an opinion that was widely shared in the automotive industry. “The fuel of the future is going to come from fruit like that sumach out by the road, or from apples, weeds, awdust — almost anything,” he said. “There is fuel in every bit of vegetable matter that can be fermented. There’s enough alcohol in one year’s yield of an acre of potatoes to drive the machinery necessary to cultivate the fields for a hundred years.”