WE are in "The new Dark Ages" Part I
This article, "Food fuel No Laughing matter" shows the effect that conversion of food into fuel is causing world wide. The old saw about the press and their emphasis on class warfare- "World to end, minorities and poor to suffer most" or a similar quote is used here to demonstrate that the sudden price increase in grains, basic ingredients due to conversion to Biofuel is real and hitting the poor first and hardest.
Even the Republicans in the SENATE have asked that the tax subsidized ethanol conversion be slowed to ease price pressure on Corn- which shot up to $6 a bushel in April of 08.
Personal take: this tax boondoggle subsidy of 51 cents a gallon for Ethanol will go down in history as one of the dumbest "the sky is falling" programs ever legislated by the Democrats- with many weak-kneed Republicans falling in line.
It will be eclipsed only by the panic stricken Church of Global Warming cult believers and their turning free economies into Soviet style 5 year plans shown to be so successful in starving millions in the old USSR and China- or any Socialist country for that matter. N. Korea, Cuba etc.
1 comment:
Bill, you are right on! The cost of other grain due to overplanting corn is haveing a big impcact. One farmer near the Hillsboro area sent some calves to market and received a bill rather than a check. The price is low because the cost of feed is so high and the transportation costs, auctions costs etc were more than the price of the calves. Add the cost of insemination and he really lost money.
The eth mandates are "B" as in "B" and "S" as in "S". For a period of time, the cost of eth was higher than gas so it increased the price of gas and reduced the milage. Additionally, we waste 5 gal of water making each Gal of eth. No one will do anything until after the election, if then!
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