Tuesday, October 30, 2012

EPA Rather Burn Corn Than Feed It To Starving In Africa, Middle East And S America

From The Wall Street Journal "The Ethanol Election Delay: Why the U.S. burns 40% of its corn, despite a global food shortage:"
This summer's once-in-a-half-century Midwestern drought caused global prices for staple food products to soar by 10%—and corn in particular to jump by 25%, according to the World Bank. The food shortages across Africa, the Middle East and South America are the worst since the 1980s and have produced hunger and political instability, according to the United Nations.

So perhaps this emergency is the time to relax the U.S. ethanol mandate, which diverts four of every 10 domestic bushels of corn into gas tanks. That's equal to 15% of international corn production, burned in internal combustion engines that could run on another fuel. But this obvious solution is evidently not obvious to the Environmental Protection Agency, which, despite studying the question for more than a year, says it needs more time.

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