“One of the big challenges ahead is the shift in the way people are using grains. If a lot of corn gets shunted off the ethanol production, that will have a big impact on food prices for people who don’t have much leeway.”
Mark Levin, on one of his radio shows awhile back, was going over how so much “fossil” fuel is used to make ethanol, that what we gain from ethanol energy is minimal.
Plus, our food goes up in price, like corn and grains, and in turn, our dairy products increase in price, because cows are fed corn and grains.
Leave it to the government to act without first figuring out the consequences.
The ethanol project seems to be a huge mega-wasteful systemic boondoggle. Cui bono? My gut feeling is that it’s meant to benefit huge agribiz entities like Montsanto and Archer Daniels Midland. (Just mentioning the big names I happen to know off the top of my head. I don’t have the evidence at hand.)