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Linn Energy, LLC (LINE) Message Board

  • rlp2451 rlp2451 Jan 27, 2013 6:19 PM Flag

    Where is the Corn Ethanol Inflation?

    Consumer Food and Beverage Price Index fell from 184.12 in August to 176.43 in December.

    I thought the inflationary pressure from corn ethanol was supposed to have food & beverage prices skyrocketing? How is this possible? Even beef is only $0.0136/lb higher than last March, and pork is lower than a year ago.

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    • RLP'D why must you chose to be a angry duppy?.

      The commodity food index was about 120 when Obama began. Now it is about 180 or the 11% annual real food inflation we see when we buy food. It was about 100 when this progressive corn ethanol corruption began.

      Only a duppy would try to deceive people by attempting to match against the inflationary spike which helped implode our over leveraged economy.

      Progressives promised by this time we would be off using food. The technology would use non food plants which could be grown with little input of marginal land. It did not work so the Chinese stopped the maddness while Obama flings food stamps from his chariot to his supporters.

      The crush spread is negative meaning producers are losing money on every gallon.
      For this insanity our fellow Americans are paying about $1.20 more per gge.

      This is a natural gas board. America can and should displace this Progressive corn ethanol corruption with domestic natural gas - If Obama got out of the way our free market system would achieve it very quickly.

      Grocery stores going out of business and taking about the last of the real economy unions with them is what Democrats do? These companies on the verge of bankruptcy is inflation as is our 12% decline in real incomes.

 
LINE
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