HAPPY FRIDAY READERS!

CONGRATULATIONS TO OUR LSU TIGERS FOR A GOOD WIN THURSDAY NIGHT! While not a spectacular offensive performance, they got the job done...........and what can you say about the defense! Road game next Saturday against West Virginia, on another national stage on ESPN 2. The boys in purple in gold are now 3 - 0!

For readers in Acadia Parish, sorry to report that the Point Degeglise store in Church Point had to switch to ethanol gas because their supplier could no longer get ethanol free gas.

Also, for readers in Vermillion Parish, also sad to report that the Maxi Mart - Conoco store in Abbeville also had to switch to ethanol gas, again because their distributor claims he could not get ethanol free gas. I spoke to the owner at length, and he is very angry about having to switch.

Here is an article I thought you would also interesting. It seems the fast food industry is also learning that using over half of corn grown in the Country to make ethanol is driving up food prices..........like most consumers were not already aware of this already?

Chain Restaurants Ask Congressional Supercommittee to End Ethanol Tax Credit and Tariff

WASHINGTON, Sep 15, 2011 (BUSINESS WIRE) -- The National Council of Chain Restaurants and 16 of its member companies today asked Congress' "supercommittee" to repeal a federal tax credit for corn-based ethanol producers and a related tariff on imported ethanol, saying the provisions drive up food prices for consumers and eliminating them could help reduce the deficit.

"Our interest in this issue is due to the high food commodity costs facing all consumers and all channels of the food service industry," NCCR and the companies said in a letter to members of the Joint Select Committee on Deficit Reduction. "Strong empirical evidence shows a direct link between U.S. policy to subsidize and support the corn ethanol industry and increased demand for corn, which is the dominant ingredient in livestock feed in the United States."

NCCR has long argued that the 45-cents-per-gallon Volumetric Ethanol Excise Tax Credit and a 54-cents-per-gallon tariff on imported ethanol encourage the use of U.S. corn for ethanol production while discouraging the importation of lower-cost ethanol that would help the United States meet its energy needs without diverting crops needed for food production. The use of corn for ethanol drives up the cost of a wide range of food, from corn itself to meat from corn-fed livestock.

"Chain restaurant companies are food retailers and as such the impacts of the current ethanol subsidies are acutely felt by restaurant operators in the form of higher wholesale and retail food prices," NCCR Executive Director Rob Green said. "The high level of industry participation on this letter is significant and demonstrates the breadth and depth of concern about this issue within the industry."

The letter was directed at the joint committee because the panel has been charged with finding ways to reduce the federal deficit by $1.5 trillion over the next 10 years. The tax credit costs the U.S. treasury about $6 billion a year and its repeal would contribute to the panel's goal in addition to being sound public policy.

The tax credit and tariff are scheduled to expire December 31, and the Senate voted in June to eliminate both. But the letter expressed concern that they might yet be renewed, or that supporters would seek to have them replaced with other subsidies.

The letter was signed by Arby's, Brinker International, Burger King, Carlson Restaurants Worldwide, CKE Restaurants, Cracker Barrel Old Country Store, Darden Restaurants, DineEquity, Domino's Pizza, Dunkin' Brands, International Dairy Queen, McDonald's, OSI Restaurant Partners, Wendy's, White Castle and Yum! Brands. In addition to the supercommittee, copies went to all members of the House and Senate.

In addition to today's letter, NCCR is a leading member of a coalition of food industry groups that sent a letter to the House Ways and Means Committee, House Energy and Commerce Committee and Senate Finance Committee earlier this week saying the tax credit should be repealed during the current "time of spiraling deficits." The coalition letter was signed by 104 organizations.

For more than 40 years, NCCR has worked to advance sound public policy that best serves the interests of restaurant businesses and the millions of people they employ. NCCR members include many of the country's most well-respected quick-serve and casual-dining companies. NCCR is a division of the National Retail Federation, the world's largest retail trade group. www.nccr.net

Have a great Friday!

"Pete"....................comments welcome: way2gopete@yahoo.com