Ethanol Flood

Cindy Zimmerman

The World Bank is being “flooded” with requests to fund ethanol projects worldwide, according to a report from Reuters. The article says that requests are coming from countries such as “Mali, Guatemala, Honduras, the Philippines, Colombia, Saint Kitts & Nevis, Mozambique, Tanzania, Egypt and Turkey,” and that “inquiries have increased since President Bush last week called on the U.S. Congress to reconsider tariffs on imports of ethanol, as crude oil prices traded near the mid-$70s per barrel.”