Gas Price Questions

[Bragger]

Bragger,

You are mistaken. Do you eat pork? How about chicken? How about a greasy burger now and again? Eat eggs? Ever drink milk? Well, beef, pork, and poultry, in case you didn't know, also eat corn based products. You eat these products and so do the gazillion Chinese. You have livestock producers, food companies and ethanol giants competing for the same important ingredient.......corn. Its simple economics: increased demand increases costs. The rising demand for corn is driving grocery prices significantly higher. Experts have said that ethanol is responsible for approximately 40% of the increase in grocery prices.

http://www.shout.net/~bigred/Groceries.html

Here are some different reports:

http://www.napsnet.com/articles/58615.html

http://www.valleynewstoday.com/site/news.cfm?newsid=19782919&BRD=2703&PAG=461&dept_id= 555139&rfi=6

Interesting....in the above article they say there are only 8 cents worth of corn in a box of corn flakes. The majority of the cost is transportation, packaging, & markup. So....your corn could double in price and your corn flakes should only cost 8 cents more.

I guess you have to make a choice. Do you pay more for your gas(oil) and continue to be dependant on foreign supply that could cut you off at any time.....or do you pay more for your groceries and be energy independent. I think you already know my choice.....although you are right about the corn, we need to forget the corn and use the grasses or sugar cane like Brazil.

http://www.usatoday.com/money/world/2006-03-28-brazil-ethanol-cover_x.htm

[idbefishing]

What ever idea/theory you believe in you can always find the media to support it. To say that ethanol is not responsible or not is both right and wrong. To grow corn you have to use diesel driven farm machinery, fertilizer which is petroleum based which keep demand for petroleum high. The feedstock cost more because the supply is less causing higher prices in meats, egg, milk, etc....Everything else cost more because transportation cost skyrocketed due to high fuel prices. High fuel prices mainly caused by worldwide demand, the dollar lost value and those doggone speculators that keep speculating the prices to the point of crashing our economy.