Will Bush Really Boost Ethanol?
by Telis Demos

(FORTUNE Magazine) - When President Bush unveils his energy budget later this month, he'll have a chance to put some money where his mouth is. Even as Bush extolled the virtues of ethanol in his State of the Union, the National Renewable Energy Laboratory--home to key research that might make ethanol much cheaper--was preparing to cut jobs and tear up contracts. That's partly because Congress earmarked 15% of the lab's budget for unrelated pet projects. But the President's original budget also fell short of full funding. "We're going to have to increase," says Brent Erickson of the Biotechnology Industry Organization. Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.