Cheap Oil’s Making It Tough for Ethanol to Pay the Bills
Oil Market's Response to Global Supply and Demand
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Cheap crude oil may make it hard for ethanol companies to pay their bills on time.
The lowest oil prices in six years are hitting biofuel producers two ways: They’re making ethanol less attractive as a blend for gasoline, and emboldening the arguments of petroleum backers who say the U.S. law mandating consumption of the fuel alternative is obsolete, Standard & Poor’s Ratings Services Inc. said in a report Wednesday.