Originally published on Thu September 27, 2012 2:13 pm
In the fairy-tale world, a shiny red apple can lead to a poisonous end. But some see two genetically engineered green apple varieties, poised to become the first to gain U.S. Department of Agriculture approval,as similar harbingers of doom.
Thinking of going to a nice restaurant? Before you decide, you probably go online and read reviews of the place from other customers (or you listen to these actors read them to you). Online reviews of restaurants, travel deals, apps and just about anything you want to buy have become a powerful driver of consumer behavior. Unsurprisingly, they have also created a powerful incentive to cheat.
Standing outside the Central Minnesota Ethanol Co-Op in Little Falls, Minn., there's not a lot going on. The pungent smell of fermentation that typically hangs in the air here is absent. And trucks piled high with corn are nowhere to be seen.
They're idled in part because of high corn prices. And it's unclear when that will change.
"Most of the industry is just breaking even in terms of profitability or actually running at slightly negative margins," says Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association.