The Washington Examiner reports yet another renewable energy project gone broke.  Reporter Timothy Carney documents the short, two-year life of this corn lobby and political boondoggle.  Two years ago, Gov. Terry Branstad and Sen. Chuck Grassley proudly christened this corn husk-to-ethanol plant in Nevada, Iowa.  Biofuels have been promoted as the next, just around the corner solution to our energy needs.  Switchblade grass, algae, and corn husks all have failed to make the transition from laboratory curiosities to commercially viable and profit-making entities...federal and state subsidies notwithstanding.  This project continues the string of failures. As Carney reports: But it hasn't panned out. Reuters reports: "The EPA predicted in 2007 that U.S. cellulosic ethanol production could hit 1 billion gallons by 2020, but output this year is expected to reach only 7 million gallons, according to Renewable Fuels Association (RFA),...(Read Full Post)