You say corn, I say food...... a liberal calls it fuel.............
President Barack Obama’s administration rejected a request from the governors of eight U.S. states to waive requirements for blending corn-based ethanol into gasoline, said a person familiar with the decision.
Market conditions don’t justify such a move, said the person, who declined to be identified because he isn’t authorized to speak for the Environmental Protection Agency. Gasoline refiners will be required to blend 13.2 billion gallons of the biofuel this year, the EPA said in rejecting petitions from the governors of Arkansas, North Carolina, Maryland, Delaware, Georgia, Virginia, New Mexico and Texas as well as members of Congress.
This year’s U.S. corn harvest is forecast at 10.725 billion bushels, the smallest in six years because of the drought. About 4.5 billion bushels will be used to make ethanol in the year starting Sept. 1, or about 42 percent of the 2012 crop, the USDA estimated on Nov. 9.
Are you freakin' kidding me? We're going to use all that food to fill our gas tanks when a couple of wells in Youngstown will do the job just fine.
Let me ask this question, what happens to the price of food when we take 42% of a corn crop and just waste it? Hint........ beef and chicken won't be getting cheaper anytime soon.
Now let's ask the important question. who pays the price for this travesty ?
a) Warren Buffett
b) A retired homemaker living on Social Security
c) Brett Favre
d) An auto mechanic