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Opening Arguments

Ethanull

The evidence against ethanol just continues to mount:

Soaring food prices, driven in part by demand for ethanol made from corn, have helped slash the amount of food aid the government buys to its lowest level in a decade, possibly resulting in more hungry people around the world this year.

The United States, the world's dominant donor, has purchased less than half the amount of food aid this year that it did in 2000, according to new data from the Department of Agriculture.

“The people who are starving and have to rely on food aid, they will suffer,” Jean Ziegler, who reports to the United Nations on hunger and food issues, said in an interview this week.

Corn prices have fallen in recent months, but are still far higher than they were a year ago. Demand for ethanol has also indirectly driven the rising price of soybeans, as land that had been planted with soybeans shifted to corn. And wheat prices have skyrocketed, in large part because drought hurt production in Australia, a major producer, economists say.

We're not going to solve our fuel problem this way, and we're going to totally screw up the food chain. That would be lose-lose.

Comments

A J Bogle
Mon, 10/01/2007 - 8:53am

Again, ethanol is not and never was intended to be the be all and end all replacement for fossil fuel. It is just one piece of the energy independence puzzle.

If it is helping farmers get more for thei crops and presumably requiring less govt subsidies

where is the downside?

A J Bogle
Mon, 10/01/2007 - 8:53am

BTW - Shilling for the fossil fuel industry again I see

Bob G.
Mon, 10/01/2007 - 9:57am

Geez...what have I said over and over about this....looks like I'm right again.
(yeah, it's a curse)

But the nation is looking at ETHANOL as a "stopgap" measure much like SOCIAL SECURITY was "supposed" to be a stopgap measure...
History DOES repeat itself.

Hell, Stevie Wonder could have seen this coming!
(I sure did)

B.G.

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