Ethanol, one of the primary reasons your meat prices are going through the roof!
This product is a scam on the US motorist. It could actually be done with Sugar Cane, and at a much cheaper price. The fact is, algae factories could replace all need for crude oil, and at the same or cheaper prices.
So, not only is the US govt trying to bankrupt us, they are trying to starve us to death too.
They actually make a product that you put in your tank, to keep the ethanol additive from destroying your car engine. Ethanol actually dissolves some parts of your engine if it is not designed to specifically use ethanol.
This is Obama's plan to help the Meat Industry due to the drought, yet he won't stop the mandate of corn being grown for ethanol? "
Yesterday, President Barack Obama announced a plan for the
government to buy $170 million of this meat in order to keep
farmers happy by keeping the prices up. This is a terrible idea, as
the
Washington Examiner explains:
"Prices are low, farmers and ranchers need help, so it makes
sense," Obama explained. "It makes sense for farmers who get to
sell more of their product, and it makes sense for taxpayers who
will save money because we're getting food we would have bought
anyway at a better price."
None of this makes sense. In fact, Obama's move only harms
American consumers while protecting a corrupt federal program.
A drought is currently driving down corn production. The
shortage of feed is forcing livestock producers to slaughter
animals early, putting downward pressure on meat prices in the
short run and guaranteeing shortages and higher prices next year.
But nature is not the biggest factor in this crisis -- the
government is. Specifically, the federal government's ethanol
mandate, which requires that 13.2 billion gallons of corn-based
ethanol be produced in 2012.
Thanks to the ethanol mandate, more than 40 percent of the
nation's corn crop now goes into the production of a useless fuel
that hardly anyone would buy if the government didn't require it.
That's up from just 17 percent in 2005, before the mandate went
into effect. Only 36 percent of the corn crop now goes for feed,
and 24 percent goes for food.
Read more here: http://reason.com/blog/2012/08/15/will-nothing-slay-the-ethan...
- JMCC 2012/08/19 10:04:40
+1Do rocketing wheat prices due to drought affected crops have nothing to do with it then?reply -
It does of course. However, being the govt pays farmers not to grow, and others are paid to grow strictly for ethanol production, that leaves the grain and human food ratios at a bare mininum.reply
- JMCC Technot... 2012/08/20 12:35:09+1I understand that, yet without the ethanol the price of gas will increase even more than it has already - and that translates to higher prices on all goods and not just wheat products and meat...reply
