Back in March I linked to a February post from the Belmont Club which noted that an increase in the use of ethanol, as a fuel, would result in higher corn-based food prices.
Ouch.
Now The Insider catches up with the post, The Consequences of Ethanol. We read,
Here in the USA, higher corn prices translate into more costly meat and poultry, and even more pain for livestock producers, who already are suffering as corn farmers rejoice. They also mean higher prices for crops that are being planted less.
And not only here in the USA. From the Belmont Club post,
The jump in corn prices is already affecting the cost of food. The most notable example: in Mexico, which gets much of its corn from the United States, the price of corn tortillas has doubled in the past year, according to press reports, setting off large protest marches in Mexico City. It's almost certain that most of the rise in corn prices is due to the U.S. ethanol policy, says David Victor, director of the Program on Energy and Sustainable Development at Stanford University.
There will be Global Warming, in the near future, but the warming will be the result of people protesting the fact that their food is being turned into fuel.
Update: see this L.A. Times article on rising food costs.
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