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Ethanol industry fights to keep costly subsidy as profits soar

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Not since the heady days after Republicans first mandated corn-alcohol into the tanks of innocent Americans have ethanol producers enjoyed such profits. As the chart above shows, the (congressionally-required) demand for ethanol seems to be profiting not corn farmers these days, but the distillers who squeeze corn into moonshine and then sell it for burning rather than drinking. Somehow, the...

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