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The world's poor are learning what happens when government subsidizes the burning of food. It's time to end this madness and let the market decide if any biofuels make sense... The high cost of corn, wheat, soybeans and other basics of the world's diet could soon start bringing down governments.

The price of petroleum has pushed up the price of everything, with food being very high on the list due to the fuel cost component being so large in modern food production, distribution, processing, etc.

Corn (maize) planting is projected to be lower this year, which isn't surprising, considering the petroleum-related expenses to growing corn, as well as the possibility of drought.

As long as petroleum fuel costs remain high, guess what? Biofuels will make sense in the marketplace. Duh!

This has nothing to do with government mandates for biofuel, it is entirely due to the high price of fuel. That particular cost has been driven up by cartel gov'ts' control of the crude price and supply quantity. It has and will result in massive investment in extraction technology of known sources.

Ideally, it should also result in a $10 a barrel tax on exports as well as imports, which would help maintain profitability of domestic production and keep it in the US market.

November 2008 -- Be There!

As long as petroleum fuel costs remain high, guess what? Biofuels will make sense in the marketplace. Duh!

No it won't. You need to use petroleum to grow and produce ethanol. How many ethanol plants use ethanol for their own fuel fuel? How many farmers are fueling their equipment with ethanol?