Saturday, June 16, 2007

Ethanol Spinners Deliberately Miss the Point

The ethanol-lobby creates a spin-job.

A study released today by an independent research group shows that ethanol’s impact on food prices is negligible, particularly when compared with the impact of energy costs.

The study by John Urbanchuck of LECG, LLC shows that a $1 per gallon increase in the price of gasoline results in an increase in food prices that is twice as high as a $1 increase in the price a bushel of corn.


Unless, of course, you can't afford a $1./bu increase in the price of corn.

Like the peasants in Mexico.

Obviously, the Mexican peasants never thought of eating distillers' grain instead.

4 comments:

jp said...

What would you do if your were that Mexican peasant?

Dad29 said...

Exactly what they do now: find a job to feed my family.

That's one reason I'm not interested in "sending them all back to Mexico."

HOWEVER, I think that they should all make a "touch-back," and re-enter as employees of [fill-in-the-blank] temporary help firm.

jp said...

Is that best for their American citizen children?

Kopp said...

Corn ethanol is just a short stop on the road to other biofuel technologies. Hopefully.

Besides, I believe God will get the last laugh on the crude oil crisis mongerers...check out http://en.wikipedia.org/wiki/Abiogenic_petroleum_origin