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It is ashame that we are burning our food.
posted by
FormerStudentIntern
on December 5, 2012 at 9:36 AM
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Still an outrage, even with the correction!
Ethanol is a lobbyist driven joke - no savings whatsoever compared to gasoline, not a meaningful alternative by any stretch of imagination. And food prices go up as a result, causing even more hardships for the poor.
And Naut, I don't recover from my outrages, I use them, lol. But thanks for the concern! 
posted by
Katray2
on December 4, 2012 at 3:45 PM
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For Naut
Copyright 2012 Global Development and Environment Institute, Tufts University
GLOBAL DEVELOPMENT AND ENVIRONMENT INSTITUTE
W
ORKING PAPER NO. 12-01
The Cost to Mexico of U.S. Corn Ethanol Expansion
Timothy A. Wise
May 2012
Tufts University
Medford MA 02155, USA
http://ase.tufts.edu/gdae
GDAE Working Paper No. 12-01: The Cost to Mexico of U.S. Corn Ethanol Expansion 1
Abstract:
More than 40% of U.S. corn is now consumed in the production of ethanol. With the United States by far the world’s largest producer and exporter of corn, this represents an estimated 15% of global corn production. A recent survey by the National Academy of Sciences estimated that globally biofuels expansion accounted for 20-40% of the price increases seen in 2007-8, when prices of many food crops doubled. This had a dramatic impact on poor consumers and on net-food-importing developing countries. Expanding U.S. production and consumption of corn-based ethanol, which has been encouraged by a range of U.S. government subsidies and incentives, is considered one of the most important biofuel programs in putting upward pressure on food prices. Mexico now imports about one-third of its corn from the United States. Using conservative estimates from a study on U.S. ethanol expansion and corn prices, we estimate the direct impacts of U.S. ethanol expansion on Mexican corn import costs. We find that from 2006-2011, U.S. ethanol expansion cost Mexico about $1.5 billion due to ethanol-related corn price increases. Other methodologies suggest the costs could be more than twice as high, surpassing $3 billion over the period.
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posted by
UtahJay
on December 4, 2012 at 2:20 PM
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Utah
Today, the price for US corn is approx. $8.25 per bushel (it always fluctuates a bit.) According to your figure that would make the price for corn in Mexico $684.75 per bushel, which is, mildly put, vastly incorrect, LOL.
And I hope good ole Katray will recover from her fit of outrage...LOL
posted by
Nautikos
on December 4, 2012 at 12:27 PM
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An outrage indeed!
We can find common ground. Well stated, Jay. 
posted by
Katray2
on December 4, 2012 at 10:19 AM
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