Cost of Oil and Ethanol

The use of ethanol made from corn has helped increased the cost of food to consumers. The corn used for ethanol is feed corn, not sweet corn humans eat, and by corn being diverted to ethanol, its not available to feed chickens, cattle or other animals. Even when the plant waste from ethanol plants are used as feed stock (which it is), the cost of feed has been increasing for the last few years.

But before you run off and invest in farming, it is still a risky investment, one bad storm or harvest could ruin the crop and the farmer is out of business.

But if you really want to reduce the cost of oil, reduce the cost of gasoline, reduce our dependence on imported oil, then we need to start drilling. Its as simple as that. Decisions made 10 years ago are coming back to haunt us now. Will we continue to compound the problem or will we fix it by allowing more drilling now so prices will be lower in the future.