Tuesday, August 14, 2012

"Drought could emerge as sleeper issue in the presidential race" Chicago Sun-Times

"While voters are not blaming a political party for the drought, the shortage of corn and rising prices has triggered a debate over whether federal subsidies for ethanol should be suspended.
Under federal renewable fuel rules, gasoline producers in the U.S. are supposed to have 9 percent of the product made from ethanol. In normal times, that takes about 40 percent of the corn crop, keeping prices high — artificially so, some argue, because of the mandate. A political issue could develop over whether this should be continued during the drought emergency.
Asked about possible ethanol waivers, White House Press Secretary Jay Carney said at the Friday briefing, “Well, I would simply say that the EPA, in consultation with the Department of Agriculture, is looking at this.”"

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