I’ve been ranting for a long while (since before I started blogging) that turning corn into a “fuel” was bad policy and stupid economically (except for “Big Corn”).
Turns out other people have finally come to the same conclusion.
At a weekend conference in Washington, finance ministers and central bankers of seven leading industrial nations called for urgent action to deal with the price spikes, and several of them demanded a reconsideration of biofuel policies adopted recently in the West.
Food prices are skyrocketing, world food experts are touting potatoes as the savior of the starving populations (Did that really work out well for my Irish relatives? Hmmm…)
How about this – drill in ANWR and off the coastlines, use that oil to reduce the dependence on foreign oil, cut the cost of refined fuel by allowing new and more efficient refineries in this country, use the reduced cost of fuel and reduced false demand for corn to reduce the costs of most ag products, stop paying farmers to not grow products and encourage them to grow produce that will actually be consumed.
Yeah, I know politically it will never happen – not with the current make up of Congress.