Well, maybe not my words, or Mayor Bloomberg’s or those of top scientists, but I think I have found someone’s who does: Opus’s from Bloom Country.

First, however, the lastest grim news from Fortune: “The ethanol boom is running out of gas as corn prices spike.” Yes, “plans for as many as 50 new ethanol plants have been shelved in recent months.” Why?

Spurred by an ethanol plant construction binge, corn prices have gone stratospheric, soaring from below $2 a bushel in 2006 to over $5.25 a bushel today. As a result, it’s become difficult for ethanol plants to make a healthy profit, even with oil at $100 a barrel.

If you can’t make money with oil at $100 a barrel, you are not much of an alternative fuel.

But I know what you’re thinking — if corn ethanol is so bad, what’s wrong with plants being scrapped? Well, the corn ethanol business is here to stay. The corn ethanol mandate from the most recent energy bill requires doubling supply from current levels. Fortune explains what that means:

What probably has changed permanently are ethanol economics. The days of cheap corn are over, and the industry’s new, lower profit margins clearly favor ethanol leader Archer Daniels Midland over all the smaller producers like Verasun, privately-held Poet Energy and the many, many farmer-owned ethanol cooperatives. ADM’s massive 200 million-gallon-a-year ethanol plants simply have better economies of scale than their 50-million-gallon-a-year rivals. And the fact some of ADM’s big plants run on coal instead of natural gas makes ADM’s cost advantage that much greater.

Just what we need, a shakeout that makes ADM richer and corn ethanol even dirtier.

So just how bad is corn ethanol? As bad as a movie reviewed by Opus:

George Phblat’s new film, ‘Benji Saves the Universe,’ has brought the word ‘BAD’ to new levels of badness. Bad acting. Bad effects. Bad everything. This film just oozed rottenness from every bad scene… Simply bad beyond all infinite dimensions of possible badness….

Well maybe not that bad, but Lord, it wasn’t good.

One last thing, as the blogging sustainable farmer Tom Philpott makes clear, the blame for this mess rests first and foremost on a certain big company. Rather than naming names, let’s just say its initials are an anagram for M.A.D.

According to a new index by Cambridge Energy Research Associates (CERA):

The cost of building a U.S. power plant has risen 130 percent since 2000, and 27 percent in the 12 months to October 2007 alone.

CERA’s Candida Scott explains most of the implications:

“These costs are beginning to act as a drag on the power industry’s ability to expand to meet growing North American demand, and leading to delays and postponements in the building of new power plants. As the cost of construction rises, firms may become reluctant to invest in new plants, or delay and postpone these projects, in turn constraining the growth of capacity.”

The real implication for policymakers: It is time to revise utility regulations (as Obama and Clinton both propose) to put energy efficiency on an equal footing (with decoupling and incentives), since it was the cheapest option in 2000, and now is even more cost effective.

The reason for the price rise is straightforward — demand, demand, demand:

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