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Today in Biofuels Opinion: “Lavishing federal subsidies on a food-based fuel…is insane and morally bankrupt.”

June 30, 2008

An editorial in the Salt Lake City Tribune: “Lavishing federal subsidies on a food-based fuel that accounts for 20 percent of the rise in world food prices, harms the environment, and takes nearly as much energy from oil as it yields in clean fuel is, on its face, insane and morally bankrupt. Get rid of them.”

From a new pro-ethanol website, foodpricetruth.org:  “Did you know: The biggest reason food costs more today is fuel prices. USDA Secretary Schafer recently stated: “Higher oil prices affect much more than just the cost of driving; they are actually one of the major factors behind higher food costs.” Did you know: The USDA and the White House Council of Economic Advisors have stated that increased corn demand is only responsible for “3 percent of the more than 40 percent increase we have seen in world food prices this year.”

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    Written by Jim Lane · Filed Under Opinion 

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