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.
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?