Tuesday, April 29, 2008

Ethanol and high food prices: the warnings were there years ago, but very few listened

Global warming hysteria lead politicians to "do something", regardless of the facts and warnings about what ethanol production would do to food prices. From Neal Boortz at Nealz Nuze:

But not now ... then.

Finally, somebody in DC is addressing the fact that ethanol production may have something to do with the increase in world food prices. Gee, ya think? I wonder what their first clue was.

Just yesterday Condi Rice said, "There has been apparently some effect, unintended consequence from the alternative fuels effort." Unintended consequences? Food costs rising 8% since 2005 ... People, even members of Congress, have been warned for years about the consequences of mandated ethanol production. Then there's this article from CNN Money dated back to 2006, or this one from almost one year ago warning us about ethanol's affect on food costs. Still not convinced? Go back to the 2004 election where ethanol was a really nice talking point for politicians. The New York Times even pointed out the problem of rising food prices due to mandatory ethanol production in January of 2006.

To give you one more piece of information, take a look at this article printed in the Science Daily back in Aug. 8, 2001. Here is what scientists have known since years:
The approximately $1 billion a year in current federal and state subsidies (mainly to large corporations) for ethanol production are not the only costs to consumers, the Cornell scientist observes. Subsidized corn results in higher prices for meat, milk and eggs because about 70 percent of corn grain is fed to livestock and poultry in the United States Increasing ethanol production would further inflate corn prices, Pimentel says, noting: "In addition to paying tax dollars for ethanol subsidies, consumers would be paying significantly higher food prices in the marketplace."

Back in 1994 when Al Gore cast the tie breaking vote in the Senate that led to a methanol mandate from the EPA we were told that "the price of corn flakes isn't going to go up by one penny." Hind sight truly is 20-20.

This is what happens when politicians decide to value hysteria, emotional thinking and feel-goodism over science, reason and basic math.

It was the Democrats who lead this irrational charge into nonsense that is now raising food prices world wide. Yes, they had bi-partisan support from many Republicans who they suckered into the Ethanol boondoggle. But it was none other than enviro-wacko Al Gore who cast the tie breaking vote that pushed through the ethanol program. There's an Inconvenient Truth.

Now that we have rising food prices, will Gore take the credit? I doubt it. Because the price rises are occurring during a Republican administration, I bet he and the Democrats will try to put the blame on the Republicans. This is what the Republicans get for supporting pie-in-the-sky legislation from Democrats.

John McCain had spoken out against Ethanol production for many years, but more recently he also caved into the pressure to support it. He shouldn't have, because he was right all along.

The question now is, who's going to fix this government-created mess? Will anyone have the nerve to say we should scrap the Ethanol subsidies?

Related Links:

Undoing America's Ethanol Mistake

Mark Steyn: Feed your Prius, starve a peasant

Rising food costs are due to Ethanol Boondoggle

1 comment:

Anonymous said...

Right On. How can the misguided people of this world be so gullible? It makes sense to me that if the cost of corn goes up so does every thing else.
Thanks, Clare