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WHITE HOUSE
Obama: Guantanamo won't close on time
President Obama acknowledged Wednesday that he will not meet his original January deadline for shutting down the military prison at Guantanamo Bay, Cuba.
Obama told Fox News Channel that he was not disappointed that he would miss the deadline, which he set upon taking office in January, because "I knew this was going to be hard."
"We are on a path and a process where I would anticipate that Guantanamo will be closed next year," Obama said, declining to give a specific date.
-- Reuters
ENERGY
Ethanol costs falling sharply, firm says
The nation's largest producer of corn-based ethanol said that it has slashed the cost of producing cellulosic ethanol from corn cobs and that it will be able to compete with gasoline in two years.
Poet, which produces 1.5 billion gallons of ethanol from corn per year, said its year-old pilot plant has reduced the cost of making ethanol to $2.35 a gallon, from $4.13 a gallon, by cutting capital costs and using an improved "cocktail" of enzymes.
Poet chief executive Jeff Broin estimated that the nation currently could produce 5 billion gallons a year of ethanol from corn cobs -- about 3 percent of current motor fuel consumption.
