-The HHS, or their agent, declared earlier that "sugar" should be placed on the same hit list as tobacco and alcohol. Food police in action again. I though it wise to hold this blog back, so all the Super Bowl fans could enjoy their day without food and other restraints.
-Timing couldn't be more perfect. Here's why. I believe I reported earlier that congress did not renew the corn to ethanol sudssidity at end of 2011. Lets see corn is something humans can digest. Guess what? Food prices went skyrocketing, and coupling the fact corn ethanol as a fuel was a bummer. Bad decision--Central planning don't work, ask former communist states. Guess what? Ethanol can be made from sugar beet (or other organic stock), but it has similar limitation as corn as a fuel. However, we want to stop people from eating too much sugar. Right? So we make it a fuel or additive. That's not all bad, takes sugar from the kitchen table and puts it in the gas tank, so to speak. I think there is a step omitted, the sugar beet must first go to the refinery. Don't want you just putting sugar in your gas tank for that would screw up the conventional internal combustion engine royally.
-The big wait starts: We should see corn futures taking a hit, but the sugar beet futures increase. This puts the farmer between a hard spot and a rock. He switches his farmland to sugar beet production and less corn is planted. There will be no price break on food stuffs, plus sugar related products will increase. A best a wash.
Solution: Approve the Keystone Shale Oil/Gas line from Cananda to Gulf refineries and the US has a steady stream of fuel for the next 100 years. Coal, at least a 100 year supply, can be gasified and made environmently clean to fuel our electrical power grid. Green energy, wind, sun and bifuels now produces 1.6% of our nations fuel aggragate. By 2050, it will be still only supply maybe <25% of the nations needs, and will require to be subsidized to be competitive. What don't you understand, Mr President?
-BioFuels production is another farce for another day.
Tuesday, February 7, 2012
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