Many bakeries in the USA are going out of business because they cannot
afford to buy flour at today's high prices. Too many wheat farmers
have switched to growing corn for ethanol. By May US wheat supplies
will be lower than any time since 1948.
Biofuels are a global disaster and need to be banned, not subsidized.
"It takes 7.7 pounds of soy oil -- or $4.34 -- to produce a gallon of
biodiesel, according to the Food and Agricultural Policy Research
Institute. Add overhead and other processing costs (about 70 cents per
gallon), federal and state taxes (54 cents), and subtract the dollar
tax credit, and a gallon of biodiesel could sell for $4.58 at the
pump. Regular diesel sold for $3.86 a gallon Wednesday in Atlanta."
So, to sell biodiesel made from American soybeans it would cost $5.58
a gallon at the pump without the $1.00 a gallon Federal tax credit.
The tax credit for ethanol is $.51 a gallon. Without subsides, there
would be no market for biofuels in the USA.
A new study says biofuels from switchgrass (cellulose) won't work
either.
http://www.card.iastate.edu/publications/DBS/PDFFiles/08wp460.pdf
Biofuel facts: http://home.att.net/~meditation/bio-fuel-hoax.html
CC