Rational thinking--such as recognizing the supply/price line--is not a hallmark of the Corn-A-Holers.
With the drought conditions continuing throughout much of the country, we already know that this year's corn yield will be down, potentially resulting in price increases for animal feed and consumer food products.
Ethanol opponents are already fingering the industry as one of the contributors to these expected price increases. In fact, they're in the process of trying to convince the Environmental Protection Agency (EPA) to waive the existing Renewable Fuel Standard (RFS) as a means to keep the cost of animal feed down for livestock producers.
This mindset is absolutely wrong. [SQUIRREL!!!!] The ethanol industry should not be held responsible for the consequences of this year's unusual weather patterns.
Actually, no one 'holds the Corn-A-Holers responsible for weather.' Rape and robbery of consumers, yes. Weather? No.
Josh then goes into a useless explanation of 'Rape and Robbery credits' a/k/a "RIN numbers."
It's all so neat and clean, just like balance sheets and counter-debits, and like that stuff, see? (It's three-card monte, in the real world).
Thanks anyway, Josh. We didn't look at the squirrel. We're focused on the price of corn and cereal, not on your squirrelly bullroar.
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