Right?

NYT: "The Environmental Protection Agency rejected on Thursday a request to cut the quota for the use of ethanol in cars, concluding, for the time being, that the goal of reducing the nation’s reliance on oil trumps any effect on food prices from making fuel from corn."

A push from Congress and the White House for huge increases in biofuels such as ethanol, is prompting the oil industry to scale back its plans for refinery expansions - which could keep gasoline prices high, possibly for years to come. Read more…