
03/12/07, 03:06 PM
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Join Date: Apr 2004
Location: Tennessee
Posts: 2,963
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Another corn price bubble, which will burst when they get the last research done on making ethanol out of grass and tree waste. That'll be in a year or two. Or it will burst when fuel prices go down during the next recession, and ethanol is no longer in demand.
I have seen all this production driven economics before. It was the mid-70s through 1983, in Illinois. The downside is very fierce for farmers and also for rural communities. But we never learn from history. So we're doing it again.
That includes nothing of the environmental downsides to ethanol, and they themselves are huge.
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Jim Steele
Sweetpea Farms
"To avoid criticism, say nothing, do nothing, be nothing." -- Robert Gates
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