The quantity of grain to be consumed this year for ethanol production - 4.9 billion bushels - boggles the mind. That’s more than twice as much as all the corn produced in Brazil and more than six times as much as is grown in India. Put another way, that’s more corn than the output of the European Union, Mexico, Argentina and India combined.
I heard on the radio that 4.9 billion bushels would feed 340 million people a for a year. The US energy policy will destable the world fast by causing food prices through the roof.
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