Board members...nobody is going hungry because of corn prices and thanks to the American farmers food and fuel prices are being held down...there is a major bumper corn crop on the way and 'everybody will benefit from it'...there is 'more than enough corn' for 'food and fuel'...
At this time cash corn corn prices are $6.99 a bu. and 'new crop corn prices are $5.44 a bu.' (September), plus GMO new crop corn prices are about 20 cents a bu. cheaper....the current price of a gallon of ethanol is $2.47 a gallon and unleaded gasoline is $3.12 a gallon (wholesale prices)....
Again we have millions of bu. of carryover corn stocks from last year and we have one of the biggest corn crops on record 'coming to market' in about two months...this is probably 'a good time to buy' into companies that make ethanol because the 'price to produce it' will fall at least 25% in two months (yet gasoline prices will remain very high)....
We only have about 2% excess refinery capacity in the U.S. and ethanol is about 7.8% of our current fuel (ethanol is holding down fuel prices because of the law of Supply And Demand)...everybody on this message board has ethanol in their gas tanks right now and will 'continue to benefit' from lower corn prices in the future (food and fuel)...fact is, a lot of countries around the world, 'including Brazil and China', are buying ethanol from the U.S. right now (because it holds down the price of their fuel)...! Number don't lie but sometimes people do...! $tagg...!
The Gulf of Mexico was being choked by algae blooms caused by excessive fertilizer run off from corn crops. The largest algae blooms on record were recorded prior to the BP Deepwater Horizon accident. Corn based ethanol is an environmental disaster. It has the lowest energy yield for energy required to produce of any currently available source of energy. It takes a lot of water to process and has resulted in lawsuits over the available water in the midwest. Corn based ethanol should never have been subsidized by the Federal Government (thank you Tom Harkin). Corn based ethanol needs to die.
mark...First, my home base is within 12 miles of two ethanol pants and they are located on the Ohio River (water is not a problem)....
Second, the refineries in the U.S. cannot produce enough fuel for are vehicles and other needs (a short fall of about 6%)...
Third, algae bloom in the gulf Of Mexico is 'not a big deal'...if you want to see an environment disaster come to my farms and look at the mess oil companies have left for me to clean up (salt killed ground and a lot more)...
Fourth, I also have two very large abandoned oil storage tanks (come and get them, you can have them for free)...more, my equipment is always hitting some pipes in the ground that have been left there by the oil companies...
Lawsuits (???), lawyers are always filing lawsuits 'about something' (that is how they make their money)...look at the lawsuits again LINE...! $tagg...!
" It has the lowest energy yield for energy required to produce of any currently available source of energy"
"has resulted in lawsuits over the available water in the midwest"
Please provide your references for this information - and nothing from the Dark ages...say, anything in the past two years?
nxyluck...I am a 'grain farmer' and I do not get any government subsidies....however, food stamps and the school lunch program now make up about 75% of the current farm program (a lot of people sell some of their food stamps 'for half price' to buy drugs, alcohol and etc.)...more, they were going to do away with the 'Milk Subsidy' until people found out that Milk would cost over $8.00 a gallon (I don't produce milk either)...! $tagg...!
Stagg, Norris has stated many times that corn farmers in the US are evil people because buyers of their corn can make ethanol. However he owns VLO which has refineries producing ethanol. This however is good .
I hope you can understand his ethics. I can,t.
Corn Monster is dissembling with lies and is therefore simply stealing from fellow Americans.
Corn ethanol is a the destruction of a real farmer's hard work to serve political corruption and a false religion being imposed by the government or state.
American farmers remain traditional and responsible. Sins can be know and unknown and a mature Christian asks for the forgiveness of both and a full awareness of both.
If Corn Monster and its children of the corn followers are really farmer I would be shocked.
The current price of a gallon of ethanol is $2.47 a gallon and unleaded gasoline is $3.12 a gallon (wholesale prices)....*END QUOTE*
Your number manipulation amazes me. Do you honestly think that the rest of the board is that stupid? You compare gasoline to ethanol at the volume level. This is in no way a vaguely valid comparison, as the potential energy from each gallon is vastly different. If you make the comparison #$%$btu things change drastically. Each Gallon of Ethanol contain the potential for 76,100btu. Each gallon of Gasoline contains 114,500btu.
So, when we figure in for a result people would actually care about (cost of Miles/gallon) we find that the Ethanol costs almost double your advertised price meaning it is MORE expensive than gasoline to get the same effect. This is propaganda here folks. This is done to make you believe that corn is a viable cost effective fuel source. We need almost twice as much of it to meet current demands, as well as the additional cost of alcohol friendly fuel systems which BTW, do not have the same lifespan as gasoline components due to the corrosive nature of alcohol.
When you actually do the REAL math, and not the fuzzy math that in reality is meaningless because everything you are being fed here by stagg is based on a price/gallon and not the real world statistic that you need almost 2 gallons of ethanol to create the same amount of energy as one gallon of gasoline. When you figure in that fact, which is VERY unpopular with the ethanol proponents, you see the numbers don't work, the price of fuel is higher because of the mandates, not lower.
Food riots predicted over US crop failure
Analysts say crippling drought in the US likely to trigger unrest in impoverished nations dependent on food imports.
But as the country faces the worst drought since the 1950s, professor Yaneer Bar-Yam says the U.S. can no longer afford to turn corn into fuel.
Bar-Yam, the president of the New England Complex Systems Institute, says rising food prices contributed to recent crises around the world, including the Arab Spring. He says waiving the ethanol requirement in the U.S. could prevent food riots.
Bar-Yam says the 40 percent of corn set aside for ethanol every year equals about 16 percent of the global corn supply. That's four percent of all grains produced in the world. In comparison, ethanol makes up just one percent of energy consumption in the U.S, Bar-Yam says.
But things weren't always the way the are now. Bar-Yam says ethanol production has become a priority for the U.S. in the past seven or eight years. That's caused the price of corn — and food in general — to increase by a factor of two. The effects have been global in reach.
"Particularly poor people around the world that are depended upon grain ... have been impacted directly by this corn-to-ethanol conversion in a very dramatic way," Bar-Yam said.
And that was before the drought hit. Bar-Yam says the drought has caused corn prices to rise 60 percent over the last few weeks. Wheat has gone up 40 percent.
"That's going to have a very big impact in the short term," Bar-Yam said.