Gov. Goodhair Demands That US Government Cut Ethanol Fuel Standard In Half

[hatrack]

EW YORK (Reuters) - Texas Gov. Rick Perry on Friday asked the U.S. government to cut "skyrocketing" food prices by waiving half of the renewable fuel standard for ethanol made from grain.

The Republican governor from the oil-producing state said in a statement that such a waiver was "the best, quickest way" to ease rising food costs before lasting damage was done. "We're diversifying our state's energy portfolio at a rapid rate, but this misguided mandate is significantly affecting Texans' family food bill," he added.

Perry said that over the last three years, the price of corn has shot up 138 percent around the world, while global food prices rose 83 percent.

The U.S. renewable fuel standard could push corn prices to an estimated $8.00/bushel for the 2008 crop, which would double last year's price tag, Perry said. That could cost the Texas economy $3.59 billion, Perry calculated. His spokeswoman could not say immediately whose projections he was quoting.

EDIT

http://uk.reuters.com/article/environmentNews/idUKN2547879120080425

[notesdev]

1. Half is not good enough

We should be having Democrats front and center demanding that this insane policy be stopped immediately.

Soylent Gasoline is people!