Jim Bronke

Tesoro Corp. Sues State of California on Ethanol Blending Mandate

The ethanol industry is correct when they say that soaring food prices are a result of the higher cost of fuel (oil) not corn being diverted to ethanol. the corn used for ethanol is feed corn not eating corn and would only impact beef and other animal costs not the pure price of corn. the ethanol industry is good for farmers as it gives them another source of income that is more certain than the market price for corn. the real rixk to our country is the weak dollar which will further increase the price of oil. Ethanol gives us energy independence which is a good thing.