Ethanol Dominoes continue to fall

[one...two...tree 2,762]

More dire predicitions as a result of bad energy policies. From the Financial Post:

A new crisis is emerging, a global food catastrophe that will reach further and be more crippling than anything the world has ever seen. The credit crunch and the reverberations of soaring oil prices around the world will pale in comparison to what is about to transpire, Donald Coxe, global portfolio strategist at BMO Financial Group said at the Empire Club's 14th annual investment outlook in Toronto on Thursday.

...

"You're going to have real problems in countries that are food short, because we're already getting embargoes on food exports from countries, who were trying desperately to sell their stuff before, but now they're embargoing exports," he said, citing Russia and India as examples.

"Those who have food are going to have a big edge."

With 54% of the world's corn supply grown in America's mid-west, the U.S. is one of those countries with an edge.

But Mr. Coxe warned U.S. corn exports were in danger of seizing up in about three years if the country continues to subsidize ethanol production. Biofuels are expected to eat up about a third of America's grain harvest in 2007.

http://www.env-econ.net/2008/01/ethanol-dominoe.html

[Hilarious Clinton 452]

good for the farmers

[Don_Joy's Prince 0]

More dire predicitions as a result of bad energy policies. From the Financial Post:

A new crisis is emerging, a global food catastrophe that will reach further and be more crippling than anything the world has ever seen. The credit crunch and the reverberations of soaring oil prices around the world will pale in comparison to what is about to transpire, Donald Coxe, global portfolio strategist at BMO Financial Group said at the Empire Club's 14th annual investment outlook in Toronto on Thursday.

...

"You're going to have real problems in countries that are food short, because we're already getting embargoes on food exports from countries, who were trying desperately to sell their stuff before, but now they're embargoing exports," he said, citing Russia and India as examples.

"Those who have food are going to have a big edge."

With 54% of the world's corn supply grown in America's mid-west, the U.S. is one of those countries with an edge.

But Mr. Coxe warned U.S. corn exports were in danger of seizing up in about three years if the country continues to subsidize ethanol production. Biofuels are expected to eat up about a third of America's grain harvest in 2007.

http://www.env-econ.net/2008/01/ethanol-dominoe.html

The ethanol is not a good replacement for oil. I think it is like 96% of all food products on American store shelves are related to corn. You can feel the food costs rising already. The poor countries will suffer from the higher prices of corn before we will.

[Scott & Lai 12]

More dire predicitions as a result of bad energy policies. From the Financial Post:

A new crisis is emerging, a global food catastrophe that will reach further and be more crippling than anything the world has ever seen. The credit crunch and the reverberations of soaring oil prices around the world will pale in comparison to what is about to transpire, Donald Coxe, global portfolio strategist at BMO Financial Group said at the Empire Club's 14th annual investment outlook in Toronto on Thursday.

...

"You're going to have real problems in countries that are food short, because we're already getting embargoes on food exports from countries, who were trying desperately to sell their stuff before, but now they're embargoing exports," he said, citing Russia and India as examples.

"Those who have food are going to have a big edge."

With 54% of the world's corn supply grown in America's mid-west, the U.S. is one of those countries with an edge.

But Mr. Coxe warned U.S. corn exports were in danger of seizing up in about three years if the country continues to subsidize ethanol production. Biofuels are expected to eat up about a third of America's grain harvest in 2007.

http://www.env-econ.net/2008/01/ethanol-dominoe.html

The ethanol is not a good replacement for oil. I think it is like 96% of all food products on American store shelves are related to corn. You can feel the food costs rising already. The poor countries will suffer from the higher prices of corn before we will.

If we stopped pumping HFCS into so many of our food products, that would leave a lot more corn available as real food. Just a thought...

[slim 1,533]

If we stopped pumping HFCS into so many of our food products, that would leave a lot more corn available as real food. Just a thought...

Spot-On!

[AUBGER 0]

Wow. This is pretty scary. Makes me think of those at home.

[w¡n9Nµ7 §£@¥€r 123]

With 54% of the world's corn supply grown in America's mid-west, the U.S. is one of those countries with an edge.

USA! USA! USA!

[Hilarious Clinton 452]

With 54% of the world's corn supply grown in America's mid-west, the U.S. is one of those countries with an edge.

USA! USA! USA!

WORLD - USA = PWNED!!

[one...two...tree 2,762]

With 54% of the world's corn supply grown in America's mid-west, the U.S. is one of those countries with an edge.

USA! USA! USA!

WORLD - USA = PWNED!!

"Everything is proceeding as I have foreseen ..."

[slim 1,533]

Comparing the corn production to "wealth" of food is somewhat inaccurate.

How much rice do we produce compared to Asia?

[Hilarious Clinton 452]

Comparing the corn production to "wealth" of food is somewhat inaccurate.

How much rice do we produce compared to Asia?

The majority of all rice produced comes from India, China, Japan, Indonesia, Thailand, Burma, and Bangladesh. Asian farmers still account for 92-percent of the world's total rice production.

http://www.rice-trade.com/world-wide-rice-production.html

[AnewKINDofFEELIN 0]

NUCLEAR