The Roanoke Slant

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Roanoke Times, 8-11-12, pg Bus-6: Drought dries up corn yield estimates.
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A big article on the corn shortage and run-up in prices without one word reminding people that “WE’RE BURNING OUR FOOD IN OUR GASOLINE”.
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WSJ, 8-11-12, Pg A2: Prices surge as drought stunts corn crop. Prices have jumped to $8.90 a bushel, a 39% jump from just a month ago. (Darn those speculators!)
The ethanol industry consumes about 40% of the corn produced in the US!
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Obama has been campaigning in Iowa saying he wants to give more subsidies to the corn growers, but the Republicans aren’t cooperating. Somebody tell Obama that The Republican Congress has passed a Farm Bill, it’s the Democrat Senate that went home to campaign for 6 more years of misery without even bringing the Farm Bill to the floor.
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EPA is pressured to drop ethanol mandate while drought drives corn prices up
http://www.foxnews.com/politics/2012/08/16/epa-is-pressured-to-drop-ethanol-mandate-while-drought-drives-corn-prices-up/
With record drought destroying crops across the country, corn prices are skyrocketing, and that is causing a world-wide ripple effect, including on the cost of the corn-derived gasoline additive ethanol.
Corn prices are up 60 percent this summer, Christopher Hurt, a Purdue University economic professor, estimates. And now Democratic governors from Maryland, Delaware, North Carolina and Arkansas have joined ranchers, poultry farmers and the United Nations director-general for food and agriculture in asking the Environmental Protection Agency to waive the federal requirement that gasoline contain 10 percent ethanol.
"It's universally acknowledged that ethanol is raising the price of food," Kenneth Green of the American Enterprise Institute said. "It's not lowering the price of gas. In fact, it may be raising the price of gas, and it's having a devastating environmental effect in terms of coastal pollution."
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Obama’s dogmatic fixation on Ethanol is one of his most disturbing defects. Ethanol destroys a major component of our food supply; it costs more to produce than gasoline, it consumes more energy to produce than it deliverers, it requires massive amounts of fertilizer and it produces CO2 just as burning any fossil fuel does.
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Following are some of this blogs focus on the folly of: “Burning Our Food”.
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Obama: Burn The Corn; Let The Starving Eat Cake
http://roanokeslant.blogspot.com/2011/02/obama-burn-corn-let-starving-eat-cake.html
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Drought Heat Obama: The Perfect Storm
http://roanokeslant.blogspot.com/2012/07/drought-heat-and-obama-perfect-storm.html
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http://roanokeslant.blogspot.com/2011/12/promoting-burning-our-food-in-our.html
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http://roanokeslant.blogspot.com/2011/06/burning-our-food.html
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http://roanokeslant.blogspot.com/2011/03/hunger-despair-for-millions-obama-still.html
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http://roanokeslant.blogspot.com/2010/11/stop-burning-food.html
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http://roanokeslant.blogspot.com/2011/08/connecting-corn-dots-famine-food-prices.html
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http://roanokeslant.blogspot.com/2008/02/ethanol-burning-our-food.html
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