I predict the most used term in the media in 2008 will be 'stagflation'. Frankly, I'm surprised they haven't started using it as a cudgel yet, what with the plethora of stories about recession and inflation, plus a presidential election process in full swing. When they do, ethanol is going to have to take a beating for the role it plays in the inflation of food prices.
If I were the Wisconsin legislature, I'd think twice about rolling out any new ethanol bills.
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