Thursday, August 25, 2011

You're Still Being Corn-A-Holed

Too bad that the economy is in such terrible shape, eh?

...the U.S. is now the world's largest exporter of ethanol. Think about that for a minute. Here is a fuel that would not exist without subsidies, and we're exporting it.

Meanwhile, ethanol futures are rising because the price of corn [is] rising. Considering that we're required to mix ethanol with our gasoline, this could drive up fuel prices even as oil falls.

We export corn liquor while cattle in Texas and Oklahoma are starving (or being dumped into slaughterhouses.)

1 comment:

jimspice said...

Corn-A-Holed? That's sort of redundant, isn't it?