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  #1  
Old 08-13-2012, 06:07 PM
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JSpira JSpira is offline
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UN Calls for Halt to U.S. Ethanol Fuel Policy

Interesting development, although I doubt that the U.N. will have that much influence here.

UN Calls for Halt to U.S. Ethanol Fuel Policy
Quote:
The United Nations Food and Agriculture Organization (FAO) called for an immediate temporary suspension of the United States' Renewable Fuel Strategy (RFS) Thursday, as a measure to avert a global food crisis. Most of the country's agricultural regions are experiencing a severe drought that is the worst in over a over a half a century.

The FAO predicts that the impact of the drought, in conjunction with the RFS' earmark for 40% of corn product to be used for fuel production will contribute to a global food crisis, the 26% increase in corn prices from June to July notwithstanding.…..
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Last edited by JSpira; 08-13-2012 at 06:08 PM.
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  #2  
Old 08-13-2012, 07:26 PM
Pierre Louis Pierre Louis is offline
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I remember a time when corn was not very high priced and farmers were not really doing well growing it, leaving a percentage of farmland unused. Same thing happened with soy bean. It seemed like the thing to do - make fuel out of it to help the economy. How times can change.

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Old 08-14-2012, 07:57 AM
UncleJ UncleJ is offline
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The midwest drought has played havoc with the corn crop this year and prices will be going up for many things -- not usually associated with corn -- fuel among them. Of course we could also use grapes............
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