Ahmedinijad is not the only one driving up prices of essential goods in his country. The US Congress is guilty of the same thing here. To wit: The mandate to use Ethanol mixed with gasoline for our cars is absolutely moronic. To comply with the asinine demands of environmentalists we now have to mix in a low octane product which actually costs around $4 per gallon & use it with gas at $3 a gallon. To produce Ethanol corn is required, so that we now have increasing demands on our food supply. Note that farmers are now more interested in growing corn to supply the almost 200 Ethanol refineries now in operation or being built than in growing it for food, primarily animal feed. They are also taking cropland formerly used for wheat, soybeans, oats & other grains and converting them to grow corn. The result: 1)more costly animal feed leading to higher prices for beef, pork & poultry. 2) Dairy prices for milk, butter & eggs are also on the rise.
3) Obviously other processed foods utilizing grains will also increase in price.
This is a no-win situation for US consumers brought about by the know-nothings in Washington who kowtow to environmentalists, and give lip-service to making the US self-sufficient in petroleum. ABAS
CONGRESS!!
