Carlyle gets into ethanol production?

[antigop]

http://carlylegroup.com/eng/news/l5-news3573.html

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Carlyle/Riverstone Renewable Energy Infrastructure Fund I, L.P. (CRREIF) and Bunge North America (“Bunge”) announced today they will jointly build ethanol plants resulting in ultimate production capacity of several hundred million-gallons-per-year by the end of 2008. The plants will be adjacent to grain facilities controlled by Bunge in the U.S. CRREIF will be the majority owner of the facilities with Bunge retaining a minority interest in each plant. Financial terms were not disclosed
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[SharonAnn]

1. Of course! There's taxpayer money subsidizing it. With purchased

legislators, there's no end to the $ they can suck out of the taxpayer.

[cornermouse]

2. Ethanol gets less mileage than gas

Apparently requires a LOT of water in the making and is made from a portion of our food chain (corn). That means you won't be eating corn on the cob in the future and you may have trouble finding or buying water to drink. This is not a good thing.