Miraclulous Insight from Grocers Group
Posted: December 26, 2008
Put this under the category of “Christmas miracles.”
An Associated Press story from Christmas eve shows a miraculous epiphany on the part of the Grocery Manufacturers Association that more than just ethanol production was to blame for higher food prices this year.
…since the midsummer price highs, the din of the food-vs.-fuel debate has since receded to a murmur, and even the Grocers Manufacturers Association, one of the most vocal biofuel critics, seems to be backing off a bit. Ethanol production is just one in seven sources of commodity price inflation, Scott Faber of the Grocers Manufacturers Association said. The rise in global demand, energy prices, speculation, the weak dollar export restrictions and poor weather also contributed to the surge in corn prices over the past three years, he added.
Yes, Virginia, there is a Santa Claus.
Nathan Schock Said,
December 26, 2008 @ 8:01 pm
I’m waiting to hear if they plan to hire a PR firm to attack any of the other seven sources of food price inflation…
kum dollison Said,
December 29, 2008 @ 12:19 pm
Mark one up for Bob Dineen, and the good folks at RFA, and other pro-ethanol organizations (this blog, included – Good Work)
A good stiff flurry of counter-punches, and the bullies cried, “NO MAS!”
M V KRISHNA RAO Said,
December 30, 2008 @ 11:58 pm
THE ETHANOL PRODUCTION IN U S A IS NOT AT ALL REASON FOR FOOD PRICE HIKE.IT IS BECAUSE OF SHORT SUPPLY OF FOOD ITEMS PRODUCTION,HIGH OIL PRICE,HIGH COST OF PRODUCTION,HEAVY SPECULATION IN COMMODITY / OIL / GAS TRADING WITHOUT EFFECTIVE CONTROLS OR MARGINS. STILL WORLD IS HAVING 20PERCENT POOR AND 60 PERCENT MIDDLE INCOME PEOPLE OFTHE WORLD POPULATION WHO ARE NOT EATING ENOUGH FOOD .