A couple of weeks ago, a small story appeared in the Stockton Record: Ethanol Supports Approved:
Pacific Ethanol Inc. said Wednesday that its two California production plants, including a currently idle facility in Stockton, have been accepted by the state Energy Commission for a new price support program.
The California Ethanol Producer Incentive Program would provide payments to ethanol producers when market conditions are poor but would require the payments be reimbursed when economics improve....
The incentive program itself is stalled, however, by the ongoing state budget impasse....
Pacific Ethanol's operating subsidiaries, including its California production plants in Stockton and Madera, emerged from Bankruptcy Court reorganization in late June. Both remain offline, waiting for market conditions to improve.
Below the fold, multiple layers of wrong.
continued at Daily Kos....
