The author fails to mention that the price of corn has dropped from 2011 highs of $8.50 per bushel to a near term price of $6.47 and to $5.88 for 2012 new crop delivery.
Don’t you know, food and fuel are supposed to be nearly free.
I agree with every word of that. Of course, the fair market value of corn was seriously distorted because of the government's ignorant meddling in the market. The corn-based ethanol program has been very damaging to the economy and hasn't saved us any energy.
Yet another “Failed Green” technology.
I encourage others to check out the keyword “FAILEDGREEN” for other industries, technologies, and companies that have failed to accomplish the hope and change that their proponents claimed would result. Also feel free to add that keyword to appropriate articles.