Ethanol Plant Going Bankrupt

Forgive me if I’m mistaken, but isn’t a biofuel plant just the sort of thing the new administration touts as the way out of the recession? If so, we could be in trouble.

Oswego County ethanol plant in bankruptcy

Just five months after making its first sale, Northeast Biofuels LP, the owner of Oswego County’s new $200 million ethanol plant, has filed for bankruptcy protection.

I wonder how long it will take them to line up for some federal bailout funds. Perhaps the federal government can find a different way of spending our money. Anyone alive can simply step outside for a moment to know global warming is nothing but a sham.

Tell AlGore the earth’s fever has broken! Problem solved.

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