The issue of ethanol or food is getting uglier and uglier. Here's an article from the "Wall Street Journal" from today on the issue.
NOTE: Articles from "major" news media allow me to use their articles provide I only copy the first two paragraphs, then their web page link to the full article. Otherwise, I have to pay an exhorbitant fee to copy the full article.
Guess everyone has heard by now that LSU's Tyrann Mathieu, aka the "Honey Badger" has been thrown off the LSU's football team. Sources close to Tyrann say he failed another drug test. You may recall that last year, he and two other players missed the Auburn team for failing a drug test, apparently from the use of artificial marijuana. Sad to see this gifted athlete throw his career away. Some say he will enroll at McNeese in Lake Charles where he could play this year (lower class school - division 2a)
"Pete"
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Ethanol vs. the World
The corn
fuel mandate is raising food prices and hurting the poor.
Wall Street
Journal - August
10, 2012, 6:33 p.m. ET
In 2007 and 2008,
food prices spiked, resulting in much higher U.S. grocery bills and far more
hunger in the poorest countries as the global supply chain buckled. The world
may now be on the cusp of a 2012 reprise amid the drought in the Midwest farm
belt, the worst in 50 years. Luckily, there are plenty of simple, modest things
Washington can do to alleviate and even prevent another crisis.
The problem is
that these fixes are opposed by a minor industry that adds little if any value
to the economy, even counting its prodigious Beltway operations. Yup, the
ethanol lobby strikes again. It can't succeed without a mandate that forces
consumers to buy its product every time they fill up the tank, and if the
resulting corn shortages drive food prices up in a way that punishes consumers
around the world, so be it.
(Read full
article here: http://online.wsj.com/article/SB10000872396390443404004577581140907497810.html)
