No one reveres wine more than the French, but it turns out that even they can have too much of a good thing. The Confederation of French Wine Cooperatives recently asked the European Union for permission to convert 66 million gallons of wine--333 million bottles--into industrial-grade alcohol, including ethanol for French cars. Why? A large grape harvest in 2004 has fed a glut in the French wine market, which is already reeling from tumbling demand. Domestic wine consumption--which makes up 70% of the industry's sales--has dropped sharply in recent years, owing to changing health attitudes, a crackdown on drunk driving and...
To continue reading:
Want the full story?
Get TIME the way you want it
Week Digital Pass — $4.99
Pay-As-You-Go DIGITAL ACCESS — $2.99
Year ALL ACCESS — Just $30! Best Deal!
Print Magazine + Digital Edition +
Subscriber-only Content on TIME.com
Learn more about the benefits of being
a TIME subscriber
If you are already a subscriber sign up — registration is free!