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DewDiligence

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DewDiligence

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Re: ilpapa post# 2894

Tuesday, 06/21/2011 5:11:32 PM

Tuesday, June 21, 2011 5:11:32 PM

Post# of 30493
Re: Ethanol and food prices

On a recent webcast, MON’s CEO, Hugh Grant, argued that using corn to make ethanol does not raise food prices because the part of the plant used for ethanol production is not the same as the part of the plant used to make human and animal food products and hence, if not for ethanol, it would be wasted.

Comments from anyone?

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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