Corn chips or biofuel? Feds push for more ethanol

EPA rules that ethanol is greener than gasoline.

The newest government guidelines on biofuel could lead to more corn being processed into ethanol. The EPA says even if you account for all the fertilizer and processing energy, burning biofuel is better for the environment than fossil fuel.

Corn Belt pols will love this, environmental groups are attacking it as a sell-out to those states, and the battles will continue. Many critics have claimed that food crops should not be used for making fuel. Of course, the oil industry is NOT pleased with the EPA's findings either. The EPA now says using more biofuel will help the U.S. cut its greenhouse gas emissions.

Here's the EPA's press release on today's biofuel finding.