Biofuels

The ethanol industry is pushing the Environmental Protection Agency to increase from 10 percent to 15 percent the amount of ethanol that is blended into gasoline, saying it will boost demand, create jobs and foster development of cellulosic fuels. BusinessWeek argues otherwise in a column by Ed Wallace, who calls ethanol a scam that should be abandoned. He argues the ethanol industry is “quickly failing” and says, “Don’t let anybody mislead you: The new push to get a 15 percent ethanol mandate out of Washington is simply to restore profitability to a failed industry.”