In response to:

Dimwit Energy Policies, Record Corn Prices

indyconantidim Wrote: Aug 11, 2012 10:52 AM
Ethanol should be shelved until January. No use creating an issue when the so-called leader blatantly: A) cuts jobs for a pipeline (with thousands criss-crossing the country) B) for oil from a Canadian source (uncontrollable by American enviro-nuts) C) that would've had an immediate effect on oil speculators (you know, the dim boogymen)

The price of corn is at all all-time high because of extreme drought conditions in the US coupled with the hottest July temperatures since records began 117 years ago.

Inane Policies

US policy mandates production of ethanol for blending in gasoline. That ethanol comes mostly from corn.

Diverting corn crops to inefficient ethanol production has members of the Group of 20 leading economies – including France, India and China – concerned about the US ethanol policy.