Thursday, February 24, 2011

Bill Clinton Says Ethanol Could Spark Riots

Former President Clinton added his voice to those with concerns about U.S. corn usage for ethanol production. In a major speech this morning to USDA’s Outlook Forum, Clinton warned that competition for food stock could impact food prices and spark food riots in developing countries.

Clinton, who now works on international development issues through his New York-based foundation, said that U.S. farmers need to be aware of the developing countries food needs as well as the domestic ethanol market. He acknowledged, however, the role of ethanol in reducing the U.S. dependence on imported fuels.

Clinton’s remarks drew immediate reaction from U.S. ethanol and corn production organizations. A statement from Growth Energy, a trade organization representing biofuel companies, noted, “We appreciate that President Clinton understands the important role American ethanol plays in reducing our dependence on foreign oil and strengthening our national security.

Full Story

No comments: