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Romney energy plan supports U.S. ethanol mandate

Thu, 08/23/2012 - 9:24am
Reuters

WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney released an energy plan on Thursday that supports Washington's ethanol quota, a mandate several governors want to suspend as the worst drought in over 50 years sends corn prices to record levels.

Governors from North Carolina, Arkansas, Georgia and New Mexico, where large numbers of livestock are reared, have petitioned the Obama administration to waive the mandate which they say raises prices for corn, an important animal feed.

The grain is also the main stock for making U.S. ethanol.

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