Word: ethanol
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...that would require automakers to start selling cars that run on gasoline substitutes by 1995. Car companies would be told to produce 500,000 such vehicles the first year and 1 million units a year beginning in 1997. Among possible substitutes: methanol, a high-octane alcohol derived from wood; ethanol, or "gasohol," a blend of gasoline and grain alcohol; and compressed natural...
...emissions standards for hydrocarbons from automobile tail pipes, a 75% cut in cancer-causing toxic chemicals poured into the atmosphere over an unspecified period, and in its most visionary -- perhaps pie-in-the-sky -- aspect, a fleet of cars that run on fuels cleaner than gasoline (probably methanol, though ethanol or compressed natural gas could also be used). Some 500,000 such cars would be on the road by 1995, 750,000 the following year, a million a year from 1997 through...
Bush unveiled his proposals Monday in the White House, then flew west to promote his plan. In Nebraska he took the wheel of an experimental car fueled by ETBE, an ethanol blend made from the state's abundant corn (the chauffeured Bush has not driven an automobile in many years). In Wyoming's Grand Teton National Park, the President declared, "The most fundamental obligation of Government is to protect the people -- the people's health, the people's safety...
...Interest rates eventually eased, but other problems arose. Congress passed a sweeping deregulatory law in 1982 that permitted S & Ls to make loans for a raft of new businesses. At the same time, some states allowed their locally chartered thrifts to run wild. Suddenly no venture was too farfetched: ethanol plants, wind farms, Las Vegas casinos and commuter airlines. S & L managers who were accustomed to making simple residential mortgages were ill prepared to evaluate the new kinds of credit risks. The great mistake in deregulation was not so much the easing of rules but the failure of the federal...
...South Dakotan said he designed the provision to help small ethanol makers, but it could represent a substantial benefit for the the Archer Daniels Midland Co., the large Decatur, Illinois corn processing company that makes the lion's share of U.S. ethanol...