[Fishhead24]

The CEO of GM speaks out today on ethanol. I understand his reasoning is agenda ridden, but make no mistake about it this is a huge plus for ethanol and in turn farmland prices............



"It's time to move beyond exclusive reliance on the historical regulatory approaches that clearly haven't solved these problems, like CAFE, and move forward to embrace solutions that will yield the results that we need - lower oil consumption, lower oil imports, lower carbon gas emissions," he said.

Wagoner again pushed GM's offerings of vehicles that can run on either gasoline or a blend of 85 percent ethanol known as E85.

"It's increasingly clear that, of anything that we can do over the next decade, ethanol has by far the greatest potential to actually reduce U.S. oil consumption, reduce oil imports, and reduce carbon gas emissions," he said.