Lynne Kiesling
If you are interested in the ongoing scientific, economic, and political sturm und drang around ethanol, fossil fuels, and food, this WSJ Environmental Capital post alerts us to a new study from the Congressional Budget Office claiming that ethanol production was only responsible for 10-15% of the increase in food prices in 2007-2008. Increasing energy prices are responsible for a larger share of the price increase, according to the study. Other interesting tidbits in the post.
I think the bigger point of the study shows what a huge rip-off ethanol is for the taxpayer (as if we didn’t know already). When this boondoggle requires that type of a break even, it should be obvious to all that ethanol is a lousy idea.
The Ethanol is the fuel of the future!!