Pacific Ethanol has gone into bankruptcy.
Continuing the great "biofuel bust" of 2008-2009; California's largest ethanol producer has gone into Chapter 11.
On the same day, Obama has announced plans to increase Federal CAFE ( Corporate Average Fuel Economy) standards to 35 mpg.
This while one automaker is in Chapter 11 and another is on the way.
Still not a finger lifted to switch Federal and state vehicle fleets to CNG or to require all new trucks and buses to run on CNG.
Still no movement on the Pickens Plan.



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