Monday, February 26, 2007

Ethanol Fact of the Day

Owen tells us "grain required to fill a 25-gallon SUV gas tank with ethanol will feed one person for a year."

Related;
Demand for Ethanol May Hike Food Prices
The U.S. Department of Agriculture said in January that if corn prices rise by $1 a bushel, grocery shoppers should see the price of pork rise about 3 percent within a couple of years...

Pat Westhoff, an agricultural economist at the University of Missouri-Columbia, noted that 6 billion bushels of corn are fed to livestock each year. Even if th % qpice were to increase by $2 per bushel, the $12 billion increase in feed is little compared to what consumers spend shopping.

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