GoodFuels
Quick Shot
by Cindy Zimmerman on Jan 27, 2009People Who Live in Glass Houses
I just keep saying why, why, why? Why has Congress not called for an investigation into food companies making obscene profits?
Case in point. Two of the same food companies that were calling for the head of the ethanol industry last year for causing high food prices are now being charged with driving up food prices nationwide.
According to an Associated Press story, “Federal prosecutors say buyers for Kraft Foods and Frito-Lay are pleading guilty to accepting bribes as part of a scheme that helped drive up food prices nationwide.”
Whoa - what is TOTALLY wrong with this picture? Read more about the whole sordid scheme here.
Bottom line - “the investigation is ongoing.”
Ethanol News- Oil prices, weak dollar caused food price rally: study | Reuters.com
- Pennsylvania Bets on Biofuels
- AgWeb Blogs - Biofuel Chaos is Good Chaos
- VOA News - UN Reports Rising Energy Prices Spurs Green Gold Rush
- E85 Sales on the Rise
- Perry's airfare paid for by Poultry leader | Chron.com - Houston Chronicle
- Unleashing the power of corncobs - BostonHerald.com
- The Canadian Press: Harper says biofuels likely a small factor in rising cost of food
- Alabama Economist: Corn Is Not the Primary Cause Of Food Price Spikes
- Perry requested ethanol waiver after $100,000 gift to GOP group | Chron.com - Houston Chronicle
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