1. 6 of the last 7 year's world corn harvests have been below world consumption (we're using up the stockpile) - the inference being that harvests are going down because of higher temperatures - which negatively affect corn - and water issues
2. ethanol-for-fuel is ramping up like crazy in the US. Apparently in a few years, 30% of the corn harvest will go towards ethanol production.
3. the amount of corn it takes to make a tankful of ethanol will feed a family of 4 Mexicans for a year. Corn prices have doubled there (spawning the "tortilla riots") because of diversion of grain stocks to ethanol production. If this keeps up, corn prices will move towards their "equivalent fossil fuel price"....which prices it beyond human consumption in most parts of the globe.
This is scary.
This is scary.
No comments:
Post a Comment