Quote:
...the U.S. now produces huge quantities of transportation fuel from maize and other crops. According to the Renewable Fuels Association, ethanol production is running at a pace of about 12.5 billion gallons for 2010, compared with just 6.5 billion in 2007. Since the domestic market is saturated, and since Brazil, a major producer, has suffered from disappointing sugar harvests, a small but growing chunk of ethanol production is now being shipped overseas. In September of 2010 alone, according to the RFA, 38.8 million gallons of ethanol were exported—more than was exported in all of 2006. Jeff Cooper, vice president of research at RFA, says the industry could export 330 million gallons in 2010, up from 160 million in 2008. The exports—about 3 percent of total production—go to Canada, the Middle East, and Europe.
I'm not sure I'd label E10 a folly. Controversial at best.
Anyway, like many things now EU will have tons of hot air about little to nothing... and every internal combustion problem for the next 20 years will be the government's fault.
This from someone with mandatory E10 for 14 years now.