February 13, 2007

Feed People or Feed Their Cars?

Ethanol production is not a free lunch on the way to reducing oil consumption.

In fact, it is just the opposite. A much more costly lunch:

The jump in corn prices is already affecting the cost of food. The most notable example: in Mexico, which gets much of its corn from the United States, the price of corn tortillas has doubled in the past year,...

Poultry feed is about two-thirds corn; as a result, the cost to produce poultry--both meat and eggs--has already risen about 15 percent due to corn prices, says Tyner. Also expect corn syrup--used in soft drinks--to get more expensive,...

Any food that utilizes corn is going to get more expensive.

How many of you remember any of the glory be to ethanol stories mentioning this juicy morsel or including the increased cost of food in the cost of ethanol?

Posted by Steve on February 13, 2007

Sugar too.

Posted by KipEsquire at February 13, 2007 9:40 AM
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