One of the most irresponsible, stupid, and wasteful policies ever enacted. 45% of all corn grown in the U.S in 2012 is mandated to be blended into to gasoline.
CF has gotten rich off of it and someone is going to get rich shorting CF.
Corn Belt : IL, IA, WI, MN all voted solidly for Obama. Chicken and Hog Belt (the South) keeps the Republican Party in business. What happens when RFS becomes a tax/entitlement reform bargaining chip? Obama is in his second term. Smart Greens are starting to realize that RFS has been worse for the environment than the Deepwater Horizon.
Plus there is always the fact that you are paying a dollar to get 50 cents in return.
Haha. Right after I write this EIA comes out with a report that USA will surpass S.A. and Russia in Oil production by 2020. Sounds like another good reason to stop putting almost half of our corn in our gasoline.