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Subject The U.S. ethanol market is profoundly distorted by
     
Posted by 240Z FeO2 on February 01, 2011 at 10:16 PM
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In Reply To This is about the EPA getting out of your business. posted by not4resaleZ on February 01, 2011 at 08:55 PM
     
Message federal government subsidies and mandates, and probably wouldn't exist without them. These subsidies were recently renewed this past December.

[ http://www.reuters.com/article/2010/12/15/us-usa-ethanol-incentives-idUSTRE6BE4XY20101215 ]

Diverting 40 per cent of U.S. corn production to ethanol drives up the price of other grains around the globe, raising the price of food worldwide. This can be quite a burden, especially in poorer nations where up to half of most families' budgets are spent on food.



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