GoodFuels
Fair Reporting
by Cindy Zimmerman on Dec 26, 2008A Christmas Miracle
Interesting story from AP this week seems to show a miraculous epiphany on the part of the Grocery Manufacturers Association.
The article attempts to answer the question “Now that corn prices have plunged, is the ethanol industry still in the hot seat for driving up prices?” They apparently asked GMA’s Scott Faber for his thoughts.
…since the midsummer price highs, the din of the food-vs.-fuel debate has since receded to a murmur, and even the Grocers Manufacturers Association, one of the most vocal biofuel critics, seems to be backing off a bit. Ethanol production is just one in seven sources of commodity price inflation, Scott Faber of the Grocers Manufacturers Association said. The rise in global demand, energy prices, speculation, the weak dollar export restrictions and poor weather also contributed to the surge in corn prices over the past three years, he added.
I think we could call that a Christmas miracle.
Miracle, schmiracle. An effective flurry of counterpunches by the RFA has brought a cry of “No Mas.”
Congratulations to Bob Dineen.
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Kum Dollison Says:
December 27th, 2008 at 11:37 am