St. Jude is the patron saint of lost causes, and for 30 years we invoked his name as we opposed ethanol subsidies. So imagine our great, pleasant surprise to see that the world is suddenly awakening to the folly of subsidized biofuels.
All it took was a mere global "food crisis." Last week chief economist Joseph Glauber of the USDA, which has been among Big Ethanol's best friends in Washington, blamed biofuels for increasing prices on corn and soybeans. Mr. Glauber also predicted that corn prices will continue their historic rise because of demand from "expanding use for ethanol."
May 7, 2008
El fiasco de los biocombustibles.
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Gracias, Al Gore y Grinpis por alimentos caros.
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