Reminiscent of Ensus.*
From National Public Radio, April 12:
Biden will ease restrictions on higher-ethanol fuel as inflation hits a 40-year high
On a day when inflation hit its highest monthly figure in 40 years, President Biden announced Tuesday that his administration will temporarily allow E15 gasoline — gasoline that uses a 15% ethanol blend that is usually banned from sale from June to September — to be sold this summer, a measure intended to help ease gas prices.
The president made the announcement at an ethanol plant in the small town of Menlo, about 50 miles west of Des Moines, Iowa, the country's leader in the production of corn, which is vital to biofuels.
Biden said the move is "not going to solve all our problems, but it's going to help some people. And I'm committed to do whatever I can to help — even if it's an extra buck or two in their pockets as they fill up — to make a difference in people's lives."...
....MUCH MORE
Look for further increases in the price of meat as the feed corn is diverted.
And then, due to consumer substitution effects the price of bugs will increase as well. (though because they're not captured in the CPI report, acceptable for politicians and the WEF)
*Ah Ensus, that brings back memories doesn't it? Beyonce and Rhianna #1, #2 in the charts, Quant Quake and:
September 2007
Making Ethanol from Wheat is Stupid
...Last May it was two of the most politically connected investors in the world, Carlyle Group* and Riverstone Holdings** building a wheat-to-ethanol plant in the same area, Teesside, that the poster boy of political connections, Enron, built their giant co-gen plant:October 2007
The UK biofuels industry is to invest £250m in a new ethanol production plant on Teesside.Ensus, the concern building the facility, has secured the funds from private equity groups the Carlyle Group and Riverstone Holdings. There is also £150m of debt finance....
Ensus Wheat Ethanol Plant Construction On Plan, Despite Odds
May 2011
Duh: "'Pricey wheat' forces shutdown at British ethanol pioneer"
August 2012
Euro-nuts: Making Ethanol From Wheat Still Stupid
Increasing possibility' of Ensus plant reopening....And the latest, from Agrimoney, April 2, 2013:
'Adverse market conditions' close Ensus again
