Mideast Turmoil and the Corn Ethanol Connection
Could ethanol-driven food price increases be at the root of recent unrest in Egypt and the greater Middle East? An article by Robert Bryce in the Energy Tribune explores the connection between the Iowa Presidential Caucuses, ethanol subsidies, and the rising tide of discontent: Biofuels Driving Up Food Prices As Iowa Primary Approaches This year, the US corn ethanol sector will consume 40 percent of | Read More »
Ethanol, the Fuel Only a Politician Could Love
The Energy Information Agency (EIA) admits in its 2010 Annual Energy Outlook that, under present law, ethanol use in 2022 is projected to be almost a third less than the 35 million gallons-equivalent per year mandated by Congress way back in 2007. What to do? The ethanol industry, with the blessing of Congress and the Obama Administration, is lobbying the EPA to mandate increased ethanol | Read More »
What Hath Big Government Wrought?
When I was a kid (mid- to late-’60s), nightly TV news shows were everyone’s source of information. Alongside from the flickering bland-and-white coverage of the Vietnam war and protesting hippies, I distinctly remember stories that would be foreign to us in 2009: food prices. Yes, food prices. Right there in the segment where today you’d expect to see updates on gasoline prices, you’d have David | Read More »