Tuesday, August 5, 2008

Ethanol abd Food Prices

There was a story on NPR this morning about rising food prices due to increased demand for corn to make ethanol. On one side there was a claim that 35 percent of the rise was due to ethanol, while the other claimed five percent. I’m fairly sure that this is a manifestation of the Chernobyl Syndrome - the estimate depends on the position of the advocate.

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