Halp

Food Makers Scrimp on Ingredients in an Effort to Fatten Profits

KML....Regarding the (highly anticipated) oil coming from wells in the USA

Who do you think will own it?
Multinational oil companies perhaps? Most likely!

How much will the oil (and refined products) be worth ?
Will the price will be set by Global Supply and Demand principles?
Ahhhh Yes- most likely !

Who will purchase these products when they become available on the global market? Ahhhhh-The highest global bidder? Most likely!

How much more tax revenue will the US government get because of this new found oil source?
Plenty, most likely!
(Ohhh--That is good of course-- because we need to service our growing national debt. We'll send two boats of money over to the middle and far east nations. At least we'll have the cash!

How much will the average American company (and citizen) ultimately pay for this precious, American black gold?
(.....The oil that is coveted by the "you know who" emerging industrial nations. )
Most likely alot more than we are paying now?

Think about it?

And now KML, further enlightenment ........info about corn and ethanol

Ethanol Truth Squad Still Needed to Patrol for Inaccurate Information
-Source: Rick Tolman, Chief Executive Officer, National Corn Growers Association

When the U.S. Environmental Protection Agency turned down a request for a one-year cut in the renewable fuels standard on August 7, we hoped it would silence the outspoken few who spread inaccurate and incomplete information on the issue. Unfortunately, within moments, they were out there talking their talk.

We believe farmers and food producers should be working together, not driving stakes in each other’s hearts. We also know that not everyone agrees on this issue and dissenters may never understand or accept the facts. Yet, we plug along trying to help people see the truth about corn supply, ethanol’s impact and more.

First, our corn supply is plentiful enough to meet everyone’s needs. We are providing more corn for food and feed, and have corn leftover at the end of the year. After the 2007 harvest, we met all needs and have more than 1.5 billion bushels leftover. According to the current U.S. Department of Agriculture forecast, we will meet all needs and have more than a billion bushels leftover after the 2008 harvest. Projections for when the Renewable Fuels Standard (RFS) reaches it maximum of 15 billion gallons of corn ethanol show that we also will produce more than enough corn for food, feed and other uses—including ethanol production.

When you take into account the fact that ethanol production, as projected for 2008, will result in an additional one billion bushels of livestock feed, you find that ethanol itself will consume only about 22 percent of the 2008 corn supply, while livestock feed will use 45 percent. That’s a lot of corn which goes, ultimately, into food. Click here for details.

Our opponents also talk about the impact on wheat, and allege that wheat production is down, thanks to the RFS. The truth is, ever since the RFS kicked in, wheat acreage has been on the increase, according to the United States Department of Agriculture (USDA). In 2005, 57.23 million acres of wheat were planted. This year, the number is 63.46 million acres—the highest in 10 years.

We remain convinced that technology is an important tool for guaranteeing an adequate and consistent supply which meets all needs. It is the primary reason corn yields have been on the rise since the mid-1990s. In fact, some technology providers are predicting that average yields can reach 300 bushels of corn per acre, nearly double the current yield.

When it comes to corn prices, consider this: The USDA’s average projected farm price of corn from the 2008 harvest dropped to $5.40 on August 11, only weeks after corn futures neared $8. In fact, corn can be bought for less than $5 in some places. Even the price of a barrel of crude oil and a gallon of gasoline has gone down.