Sense

Bio-fuels may not be all they are cracked up to be.

Sure, plant corn on all available land the world over and we might run most cars on ethanol for a while. This would be aside from using 1 gallon of oil to make 1.25 gallons of ethanol. Is that.25 energy boost enough to make food so expensive that it becomes a luxury, not in most of America, but worldwide.

Breitbart: Diverting food products to make biofuels is foolish: Indian finance chief

Indian Finance Minister P. Chidambaram on Wednesday criticised countries like the US for diverting farm products to produce biofuels, saying this had led to soaring global food prices.

While growing demand was one reason for skyrocketing food prices, the use of agricultural products to make biofuels was another cause, he told a public lecture organised by the Lee Kuan Yew School Public Policy in Singapore.

Clearly Minister Chidambaram did not get the agribusiness/oil company memo.