Word: fuel
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...million planted acres this year – that it's used in the production of thousands of products, from plastics and paint to crayons and soap. And because as much as half of the nation's corn crop could soon be devoted to the production of ethanol fuel, corn prices are expected to rise dramatically, potentially pushing up the cost of numerous products, including packaged snacks and other consumer goods. With corn taking an increasing share of the planting space, prices may also rise for competing grains. That may affect not just the cost of fruits and vegetables, but even paper...
...what happens to prices in Yuma will be felt in Zambia, because corn is a worldwide commodity. In some ways, it's a very nasty food-or-fuel struggle. "The line that used to separate food grain from the grain being used for energy is being erased," says Lester R. Brown, president of the Earth Policy Institute, an environmental think tank in Washington. "The stage is now set for direct competition for grain between the 800 million people who own automobiles and the world's 2 billion poorest people...
Still, in Yuma County, where gasoline costs around $3.35 per gal. in recent weeks--ethanol E85 fuel was $2.43 per gal.--seldom is heard a discouraging word. Even Brad Rock, who is being hit hard by rising feed prices for the 4,000 head of cattle on his Box Elder Ranch in nearby Wray, admits that the ethanol projects "are good for the community from a jobs perspective...
Beyond that, restaurant owners say they're serving more customers. Tire vendors and diesel-fuel stations are busier, as 100 trucks a day will move through the Yuma Ethanol plant. Land prices are rising. And dealers expect to sell more pickups. Dennis Wagner, the sales manager of MV Equipment, where John Deere tractors cost $100,000 to $250,000, points out that "a farmer will be able to dictate when he can update his equipment, rather than have the economy dictate...
...another week or so no one is going to remember the "JFK plot." It never got off the ground. The plotters had neither explosives nor financing to fulfill their plan to blow up fuel tanks and a fuel pipeline at the New York City airport. The plot was betrayed almost from the beginning. It will sink without a ripple - unless, that is, there proves to be an Iranian connection...