UN appeals to US to help prevent world hunger

@bobmnu (8160)
United States
August 10, 2012 12:40am CST
It seems that someone in the UN is really thinking right. They are calling on the US to suspend the Ethanol requirement in gasoline so that the corn can be used for food. http://www.reuters.com/article/2012/08/09/ethanol-world-bank-idUSL2E8J9JHO20120809 It has been reported that the increase in the price is in part due to the requirement to have 9% ethanol (corn based) in the gasoline pool. Typical of the government there is not enough corn produced to meet this standard so the oil companies have to pay a large penalty. Once again the consumer gets the multiple shaft. Higher gas prices, higher food prices and higher prices for everything else.
1 person likes this
3 responses
@crossbones27 (17470)
• Redlands, California
10 Aug 12
Also The situation has changed because corn is having a hard time growing. We have had record heat waves and one of the worst droughts this country has seen in 50 years. I really do not think ethanol was ever the answer anyway. So I would not mind doing away with it. I give them credit for trying, but it was just not very efficient. The main reason we are still using it is because farmers get huge paydays from it.
@bobmnu (8160)
• United States
12 Aug 12
The farmers only got one big pay day. After that all the costs of production increased and they are back to breaking even. Several years ago the free marked was working on the production of ethanol that could compete with gas. The the government got involved and said only corn should be used. Thus our current problem, even with out the drought we would face a shortage of corn and increased gas prices because the companies will either pay a high price for ethanol or a hefty fine to the government.
@blummus (452)
• United States
10 Aug 12
Ethanol can be produced from a number of materials, including sugar cane waste, but in the U.S. it's been part of a subsidy and promotional package to support U.S. corn producers. At the time these regulations were formulated, corn production was outstripping demand, and it was a relatively cheap source of mash for ethanol production. This situation has changed, and it's time to find better sustainable fuel sources en route to eliminating fossil fuels completely.
@bobmnu (8160)
• United States
12 Aug 12
This is one more policy that shows this administration has no idea of the impact of their policies. More Electric Cars and reduce electric production. Call for energy independence at the same time they are restricting domestic energy production. They want to create more jobs but pay people to be unemployed longer and give them food stamps. They think the way to get out of debt is to borrow more money.
@sierras236 (2740)
• United States
10 Aug 12
The UN having a moment of actual common sense? Mark that day down in celebration. This is a first for them. It is indeed a very rare occasion. We should have gotten rid of ethanol years ago.