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    Posted May 31, 2014 by
    Joecutlas
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    Gas and Food Prices Skyrocket

     
    Nearly Half Of Corn Devoted To Fuel Production Despite Historic Drought

    From Huffington post

    Now the drought of 2012, the worst in more than 50 years, is making clear the downside of a policy that leads the U.S. to devote 40 percent its corn harvest to fuel production. With this year’s crop expected to be the smallest in six years, corn prices have jumped 60 percent since June. The ethanol requirements are aggravating the rise in food costs and spreading it to the price of gasoline, which is up almost 40 cents a gallon since the start of July.

    As for the environmental virtues of ethanol, those were debunked long ago. True, gasoline-ethanol blends can lower greenhouse emissions by 20 percent, and ethanol can replace toxic additives such as benzene that make gasoline more combustible. But growing corn is energy intensive. Tractors that run on diesel fuel must plow fields, plant seed, spread fertilizer and pesticides (that run into local waterways), harvest the crop and haul it to refining plants. Unlike oil, ethanol is highly corrosive and can’t be transported by pipeline. Trucks or trains must carry the finished product to gasoline blenders. By some calculations, ethanol takes more energy to produce than it yields, negating the environmental benefits.

    More than 150 House members and 25 U.S. senators, as well as the director general of the United Nations Food and Agricultural Organization, have asked Obama to temporarily suspend the ethanol mandate in order to check the rise in food prices. He should listen to them, and Congress should permanently roll back the ethanol requirements.

    Read the rest of the story at:

    [embed]http://www.huffingtonpost.com/2012/08/17/ethanol-mandate_n_1799046.html[/embed]

    Gas prices $3.97 in my area and rising.

    Gas prices were $1.85 per gallon in my area the day Barack Obama was sworn into office in 2008.

    Beef, pork and other food items have been steadily increasing over the past 5 years and if you look closely you'll notice the package sizes of most products we buy have shrunk in size. Pay more and get less. One has to wonder how far this can go before the people say.........Enough already!

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