mdn2000
VIP Member
- Banned
- #1
Sadly the effects of Global Warming are being manufactured as reflected in the price of food. Who caused this, Congress and their Energy Policies. The shift to Ethanol as a replacement for gas is having a detrimental effect on the Consumer and a very profitable effect on Congress.
The policies implemented through fear of an oil shortage combined with Global Warming are causing a sharp rise in prices. Of course it did not help that Obama pumped over a trillion dollars into banks and investment firms world wide. They now have the money to buy up commodities and a riduclous price.
I did not know this about corn, the USA supplies half the corn to the worlf and now with our change of policy we are using corn for ethanol. 40% of our corn is being used for ethanol. Ethanol is less than 1% of our fuel yet it consume almost half our corn.
That should tell us that using corn for fuel is counter productive.
FT.com / Commodities - World moves closer to food price shock
The policies implemented through fear of an oil shortage combined with Global Warming are causing a sharp rise in prices. Of course it did not help that Obama pumped over a trillion dollars into banks and investment firms world wide. They now have the money to buy up commodities and a riduclous price.
I did not know this about corn, the USA supplies half the corn to the worlf and now with our change of policy we are using corn for ethanol. 40% of our corn is being used for ethanol. Ethanol is less than 1% of our fuel yet it consume almost half our corn.
That should tell us that using corn for fuel is counter productive.
FT.com / Commodities - World moves closer to food price shock
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The US is the worlds largest corn supplier, meeting more than half of global import needs. Corn is an important ingredient in animal feed, and the tightening market partly reflects stronger appetites for meat in emerging markets. Record ethanol production in the US will also swallow up nearly 40 per cent of the US crop.