increase energy self-sufficiency will do little but drive food prices skywards, said Canada’s CIBC World Markets. In a report, the bank said that to meet the policy goal of significantly increasing US production of ethanol to reduce dependence on imported oil, federal and state governments are extending huge subsidies to ethanol producers to expand capacity…
BIOFUELS: Bank says US efforts to develop corn-based ethanol fuel market will boost inflation
Posted on October 31, 2007 by EnergyAsia