What The MainStream Media is Hiding from Investors
"Consider the Grain Giant Cargill’s CEO’s extraordinary statement recently that the U.S. Government Mandate that Corn be used to make Ethanol for fuel, could lead to a 40% to 50% rise in food prices!"
Ethanol for cars is about the worse idea that any pin head ever thought of.
Personally I would rather eat than drive a car. In case anyone is wondering I travel by bike for 90% of my personal trips and I commute by bike. You would be surprised at the amount of work that a bike can do. If needed I use a trailer to move groceries, concrete, and almost any job you need a car for.
It may sound strange for many people but I can’t afford to drive and I want to stay fit.
Just duck and cover by Cargill since their lobby is one of the things that brought us ethanol in the first place.
Same can be said for the reason we have the flood of high fructose corn syrup.... the likes of Cargill lobbied for higher cane sugar tariffs many years ago. That enabled the HFCS to enter the market in a big way with price protections.