Ethanol problems expanded.
Posted: Sep 15th, '06, 11:01
There has been a three part series about Ethanol on PBS's Nightly Business News with Paul Kangas. After seeing it and hearing what was said, all I could think of was "what were they thinking?".
This desired government/environmentalist change to Ethanol has already taken the price of corn from $2 a bushel to $2.25. It has also caused farmers to increase the size of their fields of corn at the expense of the size of their soy bean and other crops. Less soy beans, wheat and other grains available makes soy beans and grains more valuable, thus raising their price and the products they're used for.
The cattle and pig farmers depend on corn as feed. Higher corn prices are forcing them to raise the price of Beef and Pork.
The desire to grow more corn faster and not giving the corn fields time to recover from corn's strong nutrient drain has increased the demand and price of chemical fertilizers... which is creating the need for the farmers to increase the price of a bushel of corn, to say nothing about the havoc their runnoff is causing to the environment.
One of those interviewed predicted $5.00 a bushel of corn in the near future. Has anyone in Congress ever taken a course in simple math?
Ethanol cannot cure our oil needs in any sort of economically feasable way. While it is attempting to do so, it will force up the price of many of our nations food products and very frankly, feed inflation.
What were they thinking? A perfect example of people not doing their homework and now defending their wrong answers. Walter
This desired government/environmentalist change to Ethanol has already taken the price of corn from $2 a bushel to $2.25. It has also caused farmers to increase the size of their fields of corn at the expense of the size of their soy bean and other crops. Less soy beans, wheat and other grains available makes soy beans and grains more valuable, thus raising their price and the products they're used for.
The cattle and pig farmers depend on corn as feed. Higher corn prices are forcing them to raise the price of Beef and Pork.
The desire to grow more corn faster and not giving the corn fields time to recover from corn's strong nutrient drain has increased the demand and price of chemical fertilizers... which is creating the need for the farmers to increase the price of a bushel of corn, to say nothing about the havoc their runnoff is causing to the environment.
One of those interviewed predicted $5.00 a bushel of corn in the near future. Has anyone in Congress ever taken a course in simple math?
Ethanol cannot cure our oil needs in any sort of economically feasable way. While it is attempting to do so, it will force up the price of many of our nations food products and very frankly, feed inflation.
What were they thinking? A perfect example of people not doing their homework and now defending their wrong answers. Walter