U.S. News and World Report: Energy Secretary Steven Chu this morning announced that the Department of Energy is investing nearly $800 million of stimulus funds in advanced biofuel research, development, and test projects. Of that spending, about $480 million will be directed at demonstration-scale biorefineries to help test new ethanol technologies and attract private investment. “If you look at the great resources in the U.S., our agriculture resources are one of them,” Chu said. “We have an incredible capacity …