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OT - Will US Ethanol Mandates Trigger global food riots?
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I think that if you get a country with the economic power of the U.S. to subsidize a particular ag crop to the extent that is necessary to convert that crop into a plentiful fuel, you will see a gigantic price inflation on the whole market for that crop. And the whole market means the whole world. Because so much of that world is comparatively poor, they will be doubly affected by U.S. inflation of their corn staple price. It will not look good to see this third world hardship, knowing that it is to satisfy the U.S. greed for oil. It might end up being one of those unintended consequences of being green.
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