I find it amazing that MMP is really serious about building a multi-$billion pipeline for ethyl alcohol coming from South Dakota east. The reason for my scepticism is that ethyl alcohol coming from corn can in no way be price competitive with ethyl alcohol coming from sugar cane. So what does the USA do? Well, we have a tariff against low cost ethyl alcohol coming from Brazil,Mexico,and the Caribbean area,we subsidize the construction/operation of ethyl alcohol plants in the Midwest USA, and now we will provide "loan guarantees" of $3Billion for this pipeline? Gimme a break. It would be a LOT cheaper to recognize Cuba and let them ship cheap ethyl alcohol to the USA. Magellan should IMO RUN NOT WALK AWAY FROM THIS POLITICAL BOONDOGGLE.