Two Letters Re: The Ethanol Debate
Jim: Regarding the following snippet in Odds ‘n Sods: As quoted by our friend Bill Bonner at The Daily Reckoning: writing in Fortune magazine, Lester Brown notes that ethanol is not only a waste of money, if taken up widely, it would actually mean starvation for many of the world’s poor people. “The grain required to fill a 25-gallon tank (with ethanol) would feed one person for a year,” Brown writes. I was under this impression too. Don’t get me wrong I think its a waste of time and resources, but ethanol doesn’t have to be [derived from] the grain. …