Tangled Up In Green: Sobering Effects of Corn Prices
As I start to stockpile bourbon (it’s made from at least 50% corn) as an investment strategy, I wonder why we are doing this to ourselves.
You practically can’t read a newspaper or news magazine without someone condemning the use of corn as an alternative fuel source these days. And who wouldn’t. The ethanol boom has driven the price of corn up, which in turn makes everything that uses corn go up in price. Corn is in a lot of products.
Why are we investing so much in corn-based fuel?
I think the answer is fear. Fear of rising oil prices. Fear of global warming. Fear of our dependency on foreign oil.
