Dick Durbin (D) Admits Ethanol Mandates Affecting Food Prices
HOW MUCH ARE THE OIL COMPANIES PAYING YOU, DURBIN?
“I’ve supported ethanol from the beginning. The object of having homegrown fuel in America is a good goal, and it’s one we’re moving toward ever so slowly,” he said. “But we have to understand it’s had an impact on food prices. Even in the Corn Belt, we’d better be honest about it.” Agriculture lobbyists say climbing oil and gas prices are more to blame for rising commodity prices. But because of biofuel mandates included in the 2005 energy bill, about one-third of the U.S. corn crop is expected to go toward ethanol production in the coming year.Read it all.