Energy Madness: Drought, Ethanol and Obama's EPA
Robert Bryce, Slate
Every day that the drought continues garroting the American Midwest, the lunacy of turning corn into motor fuel becomes ever more obvious and ever more outrageous.Over the past six weeks, corn prices have soared by about 50 percent. They recently hit $8.20 per bushel, an all-time high. And if drought conditions in the United States and Europe persist, prices may continue climbing. Several factors are influencing grain prices, among them the reduced amount of grain available in storage and increased meat consumption in the developing world. (Remember that most corn is used as livestock ...
Every day that the drought continues garroting the American Midwest, the lunacy of turning corn into motor fuel becomes ever more obvious and ever more outrageous.Over the past six weeks, corn prices have soared by about 50 percent. They recently hit $8.20 per bushel, an all-time high. And if drought conditions in the United States and Europe persist, prices may continue climbing. Several factors are influencing grain prices, among them the reduced amount of grain available in storage and increased meat consumption in the developing world. (Remember that most corn is used as livestock ...
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