Time for Big Ethanol to Go Down

I'd kinda like to have added "in flames" to that headline, but...carbon emissions, global warming, all that. I'm a sensitive soul, you know.

New York Times:

This year, the United Nations Food and Agriculture Organization reported that its index of food prices was the highest in its more than 20 years of existence. Prices rose 15 percent from October to January alone, potentially "throwing an additional 44 million people in low- and middle-income countries into poverty," the World Bank said.

Soaring food prices have caused riots or contributed to political turmoil in a host of poor countries in recent months, including Algeria, Egypt and Bangladesh, where palm oil, a common biofuel ingredient, provides crucial nutrition to a desperately poor populace. During the second half of 2010, the price of corn rose steeply - 73 percent in the United States - an increase that the United Nations World Food Program attributed in part to the greater use of American corn for bioethanol.

The AmSpec blog author highlights the CornAHole flak's ludicrous "statement" of yesterday:

Ethanol producers acknowledge they've increased demand for corn but say it's not enough to affect food prices.

So who you gonna believe: the CornAHolers or your lying grocery bill?