Great article published over at the New American explaining why food costs are skyrocketing. The Bush haters are in luck as a good portion of the rise in food costs can be directly attributed to the governments forcing of ethanol production under pressure from the enviro-nuts under Bushes watch. The article in the New American claims that 40% of America’s corn production is now used to make “fuel out of food” which has driven the price of corn up from around $2.40 a bushel to around $7.40 a bushel today. Likewise other cereal grains have risen because of increased demands caused by the use of corn for ethanol.
Since most of the cost of finishing a critter that provides us the meat we eat is the cost of corn and cereal grains they too have seen doubling in price the last few years which of course is passed on to the consumer. When the wonderful Clean Air Act of 1992 (yep, good old Clinton) required that methyl tertiary butyl ether be added to gas to reduce emissions ethanol went to the forefront as the cheapest source. Not to be outdone by the past two presidents mistakes Obama has ratcheted up the clamor for alternative fuels further rising food prices
Read the facts for yourself over at the New American. What can be done to reverse this trend?
DRILL BABY DRILL