Jerking Off the American Public

Bloomberg.com says that:

Dec. 18 (Bloomberg) -- Wheat futures gained in Chicago on expectations demand is increasing at a time of shrinking global stockpiles. Corn and soybeans declined as recent advances may have been overdone.

Wheat for March delivery, which reached a record $10.095 a bushel yesterday before settling at $9.66, today rose as much as 1.1 percent to $9.77 in after-hours electronic trading on the Chicago Board of Trade. They traded little changed at $9.6575 as of 12:17 p.m. local time in London. Global wheat inventories may drop 11 percent by May 31 to 110.1 million metric tons, according to the U.S. Department of Agriculture.

But moreover, in America:

Corn reached a nine-month high yesterday at $4.4325 a bushel, while soybeans extended a rally to the highest since 1973 on speculation that U.S. demand for fuel made from grain and oilseeds will surge. The Senate passed a bill Dec. 13 that may boost use of alternative fuels such as ethanol and biodiesel.

Let it be known here and now: farmers are producing more and more corn for the creation of ethanol, and turning over their once profitable alternate crops for corn. That means what we once grew, in terms of other crops, must be made up from imports.

And everyone does know that ethanol is one of the most inefficient means of powering an internal combustion engine? Yes? And that the production of ethanol = jerking off the American public to "show" that America "cares" about so-called "Global Warming"?

This is a complete and total farce, not to mention incredibly, incredibly wasteful.

But hey, it "looks" good and makes American Leftist coneheads think "something" is being done. It's all about emotions and not facts.

BZ