The U.S. is the largest exporter of corn in the world, but the latest USDA estimates are that we will be exporting 300 million fewer bushels due to tight supply and higher prices. What is the hidden ingredient in rising corn prices?
Given the potential of drop-in biofuels, the U.S. and EU have every reason to raise renewable fuel thresholds higher. Advantages include energy security, reduced dependence on foreign oil, fewer carbon dioxide emissions and domestic job creation.
Water is running off poorly managed fields that have been treated with chemical fertilizers and manure is loaded with nitrogen and phosphorus, two potent pollutants that set off a cascade of harmful consequences.
Roots of mighty oaks push up through New Orleans sidewalks while trees in the metropolis often tower above nearby buildings. Nearly half of Louisiana, in fact, is covered with forests, and the southern U.S. as a whole is considered the nation's wood basket.
Without those 13 billion gallons of ethanol, motorists in the U.S. are all part of a captive market that is controlled by Big Oil. The alternative to ethanol is gasoline, nearly two-thirds of which is derived from foreign oil.