Just new articles...
"Rice Jumps to Record, Corn Near High as Demand Outpaces Supply"
www.bloomberg.com...
"The World Bank estimates ``that 33 countries around the world face potential social unrest because of the acute hike in food and energy prices,''
Robert Zoellick, the bank's president, said on the organization's Web site. For these countries ``there is no margin for survival,'' he said."
And this ties in here and ties in with my theme of the lack of common sense in this world, especially with our policy makers...
"New biofuel laws are utter madness"
www.spiderednews.com...@
www.moneyweek.com...
"It just doesn’t make sense
Pimentel calculated that an acre of US corn can be processed into about 328 gallons of ethanol. But planting, growing and harvesting that much corn
requires about 140 gallons of fossil fuels and costs $347 per acre. That is $1.05 per gallon of ethanol before the corn even moves off the farm. Then
there’s fermentation: as many as three distillation steps and other treatments are needed to separate the ethanol from the water.
So, adding up the total energy costs of corn production and its conversion to ethanol, 131,000 British thermal units (BTUs) are needed to make 1
gallon of ethanol, which has an energy value of only 77,000 BTU.
A net energy loss?
So, 70% more energy is required to produce ethanol than the energy actually in ethanol. Every time you make 1 gallon of ethanol, there is a net energy
loss of 54,000 BTU. Fans of ethanol as a fuel need to answer just one question - if producing biofuels is so cost effective, why on earth does their
production require government subsidies?"