AP report: The ethanol push is "an ecological disaster"

|By:, SA News Editor

The secret, dirty cost of the U.S. ethanol push: The ethanol era has proven far more damaging to the environment than promised and much worse than the government admits today, according to an AP analysis. (also)

As farmers rushed to find new places to plant corn, they wiped out millions of acres of conservation land, destroyed habitat and polluted water supplies, the report says; 5M acres of land set aside for conservation have vanished on Obama's watch.

Government mandates to increase ethanol production have helped drive up corn prices, leading to marginal land being farmed to produce the crop; in 2012, 44% of the U.S. corn crop was used for fuel, about twice the rate in 2006.

Relevant stocks: VLO, ADM, PEIX, BIOF, GPRE, REGI

ETFs: FUE, IEO, IEX, IYE, PXE, PXI, XES, XLE, XOP, VDE, RYE, FXN, OIH, PXJ, PSCE, ERX, DIG, ERY, DUG, DDG