Monday, April 21, 2008

Solution to Pricey Fuel? Burn the Food!

Solution to Pricey Fuel? Burn the Food!

In an era of incredibly wrongheaded government actions, from McCain Feingold to capitulation to the Global Warming hoax, the ethanol donnybrook takes the cake. Not only is ethanol a bad answer, really no answer at all, to the supposed shortage of petroleum, the government mandated production of massive quantities of it is already causing worldwide food shortages, and we are just getting started.

Can we agree that there is an axiom that government is incapable of choosing winning technologies? The Soviet Union proved it, to those who were paying attention, but now the U.S. government has put it beyond the pale. Burning food in a recession year? How foolish can you get. If congressmen were capable of seeing themselves, they would be ashamed, but they are not.

A fair reading of where we are in this food burning fetish is available here, but there are many places one can go for the facts. In a sop to corn farmers congress made ethanol a requirement in motor fuel. Now there is a worldwide shortage of corn and wheat as a result. Meanwhile oil is well over one hundred dollars per barrel, and OPEC will not even discuss any relief. So both our side and the other side agree that oil must go even higher. In an election year, no less. If the times are not a-changin yet, they might begin to soon.