Source: Scientific American
quote: “Because of the subsidy, ethanol became cheaper than gasoline, and so we sent 397 million gallons of ethanol overseas last year. America is simultaneously importing costly foreign oil and subsidizing the export of its equivalent.”
quote: But ethanol isn't the biggest contibutor to prices these days. It's the growing middle class in China and India. These guys want meat. And it takes about ten pounds of grain to get a pound of meat.
quote: To go along with the end of corn for ethanol subsidies, we need to have some sort of guidance that says that farmers need to grow X percent of other-than-corn grain crops for every Y-percent of corn they grow.A HUGE part of the spike in food prices has not only been the higher cost of corn for animal feed, but the fact that farmers are devoting more acreage to corn production. Less acres of wheat/oats/barley/etc means higher prices on those grains as well.
quote: Thankfully this gravy train is coming to an end.
quote: Ethanol itself isn't a sham.
quote: your current engine produces heaps of carbon monoxide.
quote: less efficient is because there are no ethanol-only engines being produced.
quote: if you don't follow motorsports
quote: Look how much milk has gone up in the past year for example, that's not made with corn obviously.
quote: Not saying I don't agree with you but they feed dairy cows that corn you are talking about. So that corn going up would raise milk prices in theory.