So now, instead of being hostages to the saudis,
we are hostages to the farm lobbyists.
incorrect headline. it should be “government ethanol fetish to cause price of food to spike”.
and perhaps, “hunger threatens millions of poor families because the federal government thinks it should decide what kind of gas you should buy”.
Which is why the US should never depend on bio-fuels.
Ethanol plants here in Indiana are closing up faster than K-marts in the 1990s.
With Congress eliminating the subsidy for domestic and the tariff on imported ethanol earlier this year, I suspect Brazil will be hard to compete with.
So does the corn produced this year go for food or for ethanol? What will the Obamaverment decide?
Just to long as it doesn’t drive up the cost of booze.
I go to Pure stations. Non-ethanol gas. It screws up your car and boat motors anyways. Screw ethanol.
Great Leader Obama can erase the work requirement in our welfare benefits law and stop deportation of illegals so they can stay to vote (illegally) with a stroke of his mighty presidential pen.
Why can’t he similarly pen a note suspending the mandate to turn needed food corn into a third rate additive to gasoline and thus moderate the price rise of corn due to the drought?
Maybe closer to the election he will do it as we voters have such brief memories and need to be jacked up real close to the election for the act to influence us.
As I’ve said for many, many years- buy fertilizer stocks!
Hope it just goes away.