Ill-conceived rush to ethanol

l-conceived rush to ethanol

Corn is being used as a biofuel to help ease the gas crisis.



PART I: IS FOOD SYSTEM FIXABLE? (JUNE 28)
FOOD SERIES

TOMORROW: Why ethanol is the wrong answer.

MONDAY: Feeding a family – on $2 a day.

JULY 5: How science can help solve the crisis.

JULY 6: Europe's role.

JULY 7: Canada's challenge.

Are we on the road to ruin?
Robin Rotenberg is not exactly thrilled that her customers have to pay more these days to make the products that everyone takes for granted, from cosmetics to plastic cups and cookware.
Price of corn doubles in three years as more of crop is diverted to satisfy questionable biofuels policy
Jun 29, 2008 04:30 AM
DAVID OLIVE
COLUMNIST
If you were trying to develop a less effective means of kicking the gasoline habit and coping with climate change you'd be challenged to improve on North America's misguided biofuels policy, which is centred on corn-based ethanol and is contributing to the global food crisis.

Spurred by taxpayer subsidies and government-mandated ethanol-use levels in transportation fuels, a burgeoning ethanol industry has sprung up across the Canadian Prairies and U.S. Midwest. At about $5.50 a bushel, corn has doubled in price in three years. Not coincidentally, America's vastly expanded network of ethanol plants now consumes between one-quarter and 30 per cent of U.S. corn production, up from 10 per cent in 2002.
http://www.thestar.com/News/World/article/451291

Its not helpin at the pumps either and its no more safer to use, all in all you will see this ethonal craze end and with it thousands of farmers will lose it all.

A shame these governments use us as expirements and then when the shit hits the fan they leave us to rot and call us whiners. I fully expect to see corn come off its high of 5.50 now and plummet to record lows within 5-10 years, leaving everyone stranded with no help.