Knowledge Problem

New Cbo Study on Ethanol

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.