Friday, January 6, 2012

Should governments mandate biofuels?

No, unfortunately the result is the law of unintended consequences. That is if we require biofuels it will raise prices of corn and place economic pressure on the food supply. The seemingly environmental friendly solution will result in (a) higher gas prices, as biofuels are very expensive to produce and (b) higher food prices. One problem …solved … two more created

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