Posted by: Maysman | August 20, 2008

Ethanol…A good idea gone bad

Ethanol...a good idea but doesnt work very well in real life

Ethanol...a good idea but doesnt work very well in real life

At what price will corn be so expensive that the federal government will decide that it is time to stop driving up the price of food?…

As we can see now, the diversion of our corn supply from grocery stores to gasoline pumps has caused the price of corn to spiral out of control. Corn prices were once driven by market forces. Today they are artificially driven up by a government mandate. In 2004, before the mandates were imposed, the cost of corn hovered around $2 per bushel. Now it is close to $8 per bushel.

This is driving up the cost of staple food items at the grocery store. And it is also driving up the price of corn-based feed, devastating the livestock industry to the point that Texas cattle feeders have been operating in the red since 2007. etc etc…

Read this article by Texas Governor Rick Perry for a good debunking of the ethanol craze.  [which is SUBSIDIZED by all of us for cripes sake]  http://online.wsj.com/article/SB121850115460131741.html?mod=opinion_main_commentaries

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