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Politics : Politics for Pros- moderated

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To: Geoff Altman who wrote (254325)6/13/2008 6:17:58 PM
From: Ish  Read Replies (2) of 793715
 
<<Just one look at the damage that we've done with corn, tightening the supply by turning it into fuel.>>

It wasn't just the fuel, we've been doing that since '74. It was increased demand in all areas. 2 years ago we had a 2 billion ton surplus. Corn was at $2 a bushel and now has passed $7.55 on the futures. And grab your hat, corn production will be way down this year due to weather.
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