Wednesday, May 23, 2007
Food or Fuel
More on the corn ethanol issue. Clearly the effects of using a major food crop for fuel has already being felt in the America's. While these are still early days to draw firm conclusions, the trend emerging is clearly scary. One wonders if corn ethanol is a transportation strategy or a population control program. The numbers seem to indicate that the average US grocery basket was dearer by $47/month due to the increased demand for corn as fuel. Read more here.