THE MADNESS OF BIOFUELS
Are you upset about rapidly rising food costs and high gas prices? You can thank members of Congress and the administration for this situation.
Much of the United States is in the midst of a major drought. That's not the fault of the political class, but those folks have made the consequences of the drought far worse for the entire world.
Congress mandates the use of ethanol in motor fuel. Currently, about 40 percent of the U.S. corn crop is used in the production of ethanol. Corn prices rose as a result of the government creating an artificial, additional demand.
It is simply madness that this continues, especially when fracking technology is giving us a glut of cheap, cheap energy.
