Didn't I get the memo??? lol
mandate.
NEW YORK (CNNMoney) -- The drought that's killing crops across the Midwest and sending corn prices to record highs has revived calls to end or ease the government's requirement that corn-based ethanol be blended with gasoline.
Current rules stipulate that nearly 10% of the nation's gasoline supply come from corn-based ethanol. To make that ethanol, up to 40% of the country's annual corn production can be required.
With corn prices surging -- they're up 50% in the last six weeks alone -- many say waiving the mandate would help bring those prices down. They say lower corn prices would also help lower prices for certain foods that depend on the crop, like cereal and meat.
"The impact this is having on the animal protein industry and at the dinner table is profound," Arkansas Republican Congressman Steve Womack said in a statement last week. "If something isn't done -- and done fast -- food prices will soar."
Womack and 150 other lawmakers from both parties sent a
http://money.cnn.com/2012/08/06/news/economy/ethanol-drought/index.htm?iid=HP_LN
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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