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Smithfield Foods (SFD) CEO Larry Pope calls on Congress to pass a bill lowering the U.S....

Smithfield Foods (SFD) CEO Larry Pope calls on Congress to pass a bill lowering the U.S. government's Renewable Fuels Standard, which requires a certain volume of ethanol - 15.2B gallons in 2012, mainly derived from corn - be blended into gasoline. Corn prices have hit record highs, but the program is "aggravating the problem and adding to the crisis," Pope says. (also)
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Comments (3)
  • yellowhoard
    , contributor
    Comments (1507) | Send Message
     
    Using corn to power cars is the most despicable policy the US has ever proscribed.

     

    People will starve to death and riot around the globe because of this.

     

    If we would fuel our trucking and mass transit fleets with NG and develop our national resources we would not only be energy independent we'd be an exporter of fuel.
    27 Jul 2012, 11:51 AM Reply Like
  • Glenn Doty
    , contributor
    Comments (1116) | Send Message
     
    I just wrote a full article discussing this very subject for anyone who is interested:

     

    http://seekingalpha.co...
    27 Jul 2012, 01:47 PM Reply Like
  • phxcrane
    , contributor
    Comments (481) | Send Message
     
    Obama says. Let them it cake,
    27 Jul 2012, 01:55 PM Reply Like
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