We made note back in June that these are tough times for ethanol ventures. In that article, we mentioned that a publicly-subsidized ethanol venture in Clearfield, PA had taken a temporary shutdown due to market conditions.
Since that time, the plant has been closed permanently and filed for bankruptcy.
All of which prompted some gallows humor...
Let's hope the silver lining is that future politicians will weigh more carefully the potential risks of public investments, especially with regard to future energy options.