Bio-fools; the US is putting grain into the wrong 'tank'

July 16, 2008

ENGLISH POET, William Blake once said that ‘A fool sees not the same tree that a wise man sees’. I say that biofuel advocates look not to a tree, but to corn and sugarcane, and their hungry eyes see only money.

The World Bank just released a report that places the blame for rising food prices squarely on the biofuel industry.

While American drivers drool over lower fuel prices, remember that the counterbalance is higher supermarket prices — not just corn, wheat, bread, and other grain related products, but oils, cheeses, and even meat. A rise in feedstock prices translates to higher production costs to dairy, cattle, and poultry farmers. The end result: everything in your pantry costs more.

The grain required to fill the tank of a sports utility vehicle with ethanol (240 kilograms of maize for 100 liters of ethanol) could feed one person for a year

Read more at Sharon’s Website