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National Renewable Electricity Standard Introduced in the House

Looking to energy policy to address climate change and the recession, Reps. Markey and Platts have introduced bi-partisan legislation in the US House of Representatives that would establish a national renewable electricity standard along the lines of those established by 27 US states and the District of Columbia. Rep. Markey also introduced a bill that aims to cut electricity demand and create jobs by establishing energy efficiency standards for homes and buildings.

Of Speculative Bubbles, the Crisis in Finance, Corn & Ethanol

A two decade-long period of unbridled money supply growth and use of leverage is now coming to a painful, and what’s likely to be protracted, end, bringing with it prices of just about every type of financial or physical asset in existence, including key agricultural commodities such as corn. That’s likely to change the face of the US ethanol industry, or at least possibly provide even more impetus to develp second generation biofuels.