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I have several points of contention with this article. People were starving to death in Africa and Bangladesh when corn was $2/bushel. Ethanol is not causing the food shortages. Fuel prices are. If farmers in Iowa gave corn away for free, the poor in India would not be able to afford the cost of shipping it to India using $4.20/gallon diesel fuel.
Apr 28 15:40 pm
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All Comments by wheels14 »5 Reasons to Buy Holly Corporation [View article]
South America does not produce ethanol from corn, and South America especialy Argentina, is an exporter of corn and other grains. If by "South America" you are refering to the cost of food in Mexico, I would point out that Mexico is the second largest supplier of oil to the United States, and their oil company is state owned. Mexico can affort to feed it's people from the profits of $118/barrel oil.