Going Green

Friday, February 22, 2008

Food vs Fuel: The Saga Continues

Corn-to-fuel putting burden on food-grain markets

Bloomberg News

U.S. plans to replace 15 percent of gasoline consumption with crop-based fuels including ethanol are already leading to some unintended consequences as food prices and fertilizer costs increase.

About 33 percent of U.S. corn will be used for fuel during the next decade, up from 11 percent in 2002, the Agriculture Department estimates. Corn rose...(complete article here).

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