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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Jacob Snyder who wrote (148315)3/27/2011 9:15:03 AM
From: MIRU  Read Replies (1) of 206223
 
High food prices are caused by ethanol. I hear that the most wired-in firm, GS, predicts a change in gov policy on ethanol in an effort to kill food inflation. Keeping in mind that 30% of corn goes to ethanol and a rule of thumb is that a 10% change in supply/demand can move prices 50%, things could get interesting.
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