SeniorJunior

Not the NYTimes or the LATimes, THE times... The whole world is upset about the rising cost of food. And part of the problem is definitely diverting some food into fuel. As in ethanol. Brazilians turn sugar cane into ethanol. Americans turn corn into it. [Ok, it's sort of self serving, but...] This blogster has been grumping about this nonsense for nearly two years. So why didn't Congress, the Department of Agriculture and Keith Olberman jump right on this when they had the chance... TWO YEARS AGO? I try, I try... Lord knows I try. For your reminiscing pleasure: " Ethanol, Schmethanol " June '06 " Starvation " April '07 " Food Prices Rocket " June '07 " Another Shot at Ethanol " July '07 " Deadly Brew " January '08 "Will starve for Ethanol" January '08 When the tortillas went out of reach for Mexicans, we should have known that corn ethanol was a really stupid idea. This stuff is to EAT!

More " Ethanol, Schmethanol " Video fans... Here's a powerful little documentary on the human price of ethanol. Look down the list of vids on this site and prepare to have your soul rocked. I don't like the idea of Bloomberg running for prez as an Indy... But I like his website and his news channel. Both are straight-ahead, no hype and competent.

Starvation by Biofuels Ah, the absolute certainty of the Law of Unintended Consequences. In a nutshell: Food prices are rising because – surprise! – the demand for corn, soy and sugarcane/beets to make ethanol and biodiesel is driving up the cost of these basic food commodities. Quoting from The Wall Street Journal (my favorite newspaper): http://online.wsj.com/article/SB117608539258763747.html?mod=world_news_whats_news Soaring prices for farm goods, driven in part by demand for crop-based fuels, are pushing up the price of food world-wide and unleashing a new source of inflationary pressure. The rise in food prices is already causing distress among consumers in some parts of the world -- especially relatively poor nations like India and China. If the trend gathers momentum, it could contribute to slower global growth by forcing consumers to spend less on other items or spurring central banks to fight inflation by raising interest rates. …And, on the more human side:...