Ethanol subsidy gone... what's next?

Ethanol subsidy to refiners has expired.  Tariff on imported ethanol also expired.  The requirement to blend ethanol with gasoline remains.  What does this mean to ethanol producers in the U.S.?  Should we expect a spike in imported ethanol?

Sovereign refinancing needs in 2012

Country    2012 Bond, Bill Redemptions ($)      Coupon Payments
Japan             3,000 billion                   117 billion
U.S.              2,783 billion                   212 billion
Italy               428 billion                    72 billion
France              367 billion                    54 billion
Germany             285 billion                    45 billion
Canada              221 billion                    14 billion
Brazil              169 billion                    31 billion
U.K.                165 billion                    67 billion
China               121 billion                    41 billion
India                57 billion                    39 billion
Russia               13 billion                     9 billion