Well Solyndra went belly-up and they've halted production of the Chevy Volt. But the Obama administration insists that we need to give these clean energy alternatives a chance (with taxpayer money, of course). But what happens to a long-and-heavily subsidized "clean" energy source has its crutch taken away? NPR: "Ethanol industry lurches in wake of lost subsidy, oversupply."
After predicting they would survive the end of a major federal subsidy without problems, it looks like officials at the nation's ethanol producers may have been too optimistic.Whoops. If only we had given ethanol a couple more decades.
Since the subsidy ended Dec. 31, ethanol profit margins have declined sharply, even slipping into negative territory. Experts see no quick turnaround in sight.
Extra - Hot Air: "Green-jobs subsidies created 1 job for every $4.85 million spent."