Looming Food Crisis? Stop Turning Corn into Ethanol and You Could Lower Gas Prices and Help Feed the World - Granite Grok

Looming Food Crisis? Stop Turning Corn into Ethanol and You Could Lower Gas Prices and Help Feed the World

corn cornfield original Photo by Katherine Volkovski on Unsplash

F Joe Biden, who ran on not passing the buck, has yet to take responsibility for anything that’s gone sideways (or backward) under his rheumy-eyed “leadership.”  A tactic he may have learned from Light Bringer (peace be upon him), though I suspect it’s just environmental.

700 Years in elected office creates a natural reflex to deflect blame and the current scapegoat is Vlad the Invader. Any day now Jen Psaki will blame Putin for the backed-up toilet in the press secretaries office when in fact, it’s just clogged with all the excess sh!t she’s not had room to shovel onto the press corps in the daily briefing.

Trump, Putin, Trump supporters. When can we expect letters excusing the Biden Administration’s absence signed by Epstein’s mother?

What Now?

Though this latest uh-oh is something we could blame on Putin. The invasion has put the kibosh on grain farming, for which Ukraine is well known. This disruption will have global consequences as nations that rely on the global grain supply to feed their people go to the cupboard to find it bare.

“It’s going to be real,” that’s the Biden quote on food shortages.

From the UK Daily Mail.

 

The Russian invasion of Ukraine has cut shipments from the two countries, which jointly account for around 25% of world wheat exports and 16% of world corn exports, leading to surging prices for the grains on international markets.

Russia is also one of the world’s largest suppliers of fertiliser – prices of which had already spiked last year, contributing to a 30% increase in world food prices and a related increase in global hunger levels.

 

There’s an interesting parallel here.

If the US stopped shoving corn into motor fuel (ethanol), two things could happen simultaneously. It would lower the price of refining gasoline and take some price pressure off at the pump (ethanol ads about 0.15 cents per gallon, according to one source). We would then have a significant surplus in corn (the US allocates approximately 5.425 billion bushels a year for ethanol).

Stop the ethanol mandate, and we get an influx of food to help feed the world, continued revenue for corn farmers, and the US Government, and it would take some of the price pressure off food inflation – at least a little bit.

What’s the Biden plan? They’ve earmarked 11 billion to address world hunger (to buy what, if there’s no food?) because that’s all these experts know how to do. Print money that raises inflation and prices and then spend it on things that will inevitably fail to solve the problem.

They may even make it worse. And that increasingly seems to be the point.

As Ace noted here,

 

Ukraine is not going to be able to plant much wheat. Russia will be able to plant wheat, but… a large part of the world has banned the purchase of Russian products.

I was speaking with Kyle Shideler a few weeks ago, who predicted that this would be very disruptive around the world. He said something like, “The price of wheat going up 25% doesn’t just create hunger. It creates revolutions.

Governments around the world will be falling, violently, as the populace goes hungry.

 

The New World Order folks can’t be upset about any of that. It might even be why they poked the circumstances that resulted in the Russian invasion.

At this point, everything is on the world’s table, except food, of course.

 

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