That is a large part of the problem.
We’ve developed less oil, and used more corn for ethanol resulting in less land for foodstuffs all for a fuel that is less 3/4 the BTU’s of gasoline or diesel.
Food and fuel shortages will result. But Archer Daniels Midland stock is up!
Wonder how much of total inflation is attributable to burning our food.
**********************************************************
If you factor in that the rest of the world sees us as morons FOR NOT DRILLING (ie. not taking real problems seriously) in addition to the ethanol boondoggle I would say a huge part of it as fuel is an expense that everyone must factor into their costs and it is a cost that very little can be done to reduce.