Feeding cars rather than earthlife is a sin

Discussion in 'Politics' started by shock, Jul 20, 2012.

  1. shock
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    shock BANNED

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    FEEDING CARS RATHER THAN EARTHLIFE IS A SIN
    ================================

    "Drought sparks food vs. fuel debate
    TheOmahaChannel.com
    7/20/2012 12:45:17 AM ET

    NBCNews.com

    "The worst drought in decades is fueling a 50 percent surge in corn prices and a fierce debate on whether we should be using corn for food or fuel.


    Under the Clean Air Act signed into law in 2007, at least 10 percent of gasoline needs to be blended with ethanol.

    The U.S. Department of Agriculture expects nearly 40 percent of this year’s total corn crop to go to the ethanol industry. But that’s a tough number for the beef industry to swallow.

    Green Plains Renewable Energy puts out 65 million gallons of ethanol each year. That takes 23 million bushels of corn to make, and that ingredient is threatened by the drought.

    ***

    A 50 percent surge in corn prices is not only hurting some ethanol producers’ bottom lines, but it’s giving critics of a federal mandate some fuel.


    The mandate requires some corn to be used for ethanol production, and the cattle industry says that’s unfair.


    ***

    Becker said his company has billions of corn bushels already in storage, and in order to lower or completely cut the mandate, the government would have to prove ethanol is the problem.


    ***

    The secretary of agriculture said Wednesday that ethanol demand is not the problem right now.

    The drought's effect on the cost of fuel is not significant right now. Experts said the rising cost of ethanol could cause gas prices to jump about 4 cents per gallon.""


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    FEEDING CARS RATHER THAN EARTHLIFE IS A SIN
    but don't mention that to either Romney or Obama

    ---or to the hungry people of a world
    that doesn't have much use for us
    anyway.
     
  2. GuyPinestra
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    GuyPinestra Senior Member

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    The ethanol mandate is stupid.

    Mandates are stupid, period.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says buy grain futures - corn, wheat an' soybean prices gonna rise...
    :eusa_shifty:
    Speculating on Drought
    7/24/12 --- Investors are ghoulish. We constantly speculate on the misfortune of others. When people are dying in Libya or Bahrain, we speculate on the price of oil. When workers are laid off in China we speculate on toys and iPods. When they riot in Greece we speculate on the euro.
     

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