Biofuels will starve us.....
Can we just get back to oil, please?
Corn prices jumped to a record $6 a bushel Thursday, driven up by an expected supply shortfall that will only add to Americans' growing grocery bill and further squeeze struggling ethanol producers.
Corn prices have shot up nearly 30 percent this year amid dwindling stockpiles and surging demand for the grain used to feed livestock and make alternative fuels including ethanol. Prices are poised to go even higher after the U.S. government this week predicted that American farmers -- the world's biggest corn producers -- will plant sharply less of the crop in 2008 compared to last year.
"It's a demand-driven market and we may not be planting enough acres to supply demand, so that adds to the bullishness of corn," said Elaine Kub, a grains analyst with DTN in Omaha, Neb.
posted by GayandRight @ 9:24 AM
2 Comments:
Only people who do not understand industrial agriculture would think biofuels would be sustainable, never mind replace oil.
Biofuels may make a minor component of our future energy sources, but only as a way of recycling biological waste products such as vegetable oil.
And here I went and bought a diesel truck so I could run it on biodiesel.
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