Monday, March 07, 2011

'Cornholing the future'

Courtesy of the ethanol lobbyists and the Obama Administration:
Global Dashboard catches the Obama Administration selectively explaining the causes for increasing world food prices:

“The increase in February mostly reflected further gains in international maize prices, driven by strong demand amid tightening supplies, while prices rose marginally in the case of wheat and fell slightly in the case of rice.”

“In other words, this is mainly about corn. And who’s the biggest corn exporter in the world? The United States…And where is 40% of US corn production going this year? Ethanol, for use in US car engines.”
And let us not forget that the industry- with help from a bunch of clowns in the Administration- wants to up it from 10% to 15% ethanol in fuel; and screw all the engines it'll damage and so forth.

No comments: