Bush: Ethanol Not To Blame for Food Prices 4/30/2008 By Jeanne Bernick, Farm Journal Crops and Issues Editor
While some antihunger activists point to the biofuels industry as exacerbating world hunger by diverting crop needs, President Bush said Tuesday he believes corn-based ethanol is responsible for only a small part of rising food prices. Weather, increased food demand and energy prices are the key drivers of current global food inflation, according to President Bush’s remarks during a press conference in the White House Rose Garden.
“And the truth of the matter is, it's in our national interests that our farmers grow energy, as opposed to us purchasing energy from parts of the world that are unstable or may not like us,” President Bush told reporters.
Bush said high crop prices should not slow biofuel efforts and that the high price of gasoline is going to spur more investment in ethanol as an alternative to gasoline.
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This is important to corn farmers, but the information needs to also get to food consumers who are getting a figurative line of bologna from food corporations. Bush like a stopped clock with eight years on the dial is actually right about once.
The whole thing is however besides the real point. Bush War, Inc. in Iraq has squandered thousands of lives and enough of the taxpayers, past, present, and future, money to convert about a third of all the US energy used to wind energy sources. That needs to be the "moon project" and the sooner the better. The quicker the US is separated from the lunatic religious fanatics of the mideast, the better.
To paraphrase a Bible saying, "What do we profit if we gain all the oil from the terrorists and lose the whole world to global boiling."