When Joe Biden announced he was lifting restrictions on ethanol being used in fuel, he was hated on by both sides. The radical left called it a betrayal to his climate change pledge. The right said it was too little, too late and that he should be pushing for more drilling across the board. What few people have noted is that this has absolutely nothing to do with lowering gas prices and everything to do with raising food prices.
On the latest episode of The Late Prepper, I dove into this article and accused the Biden regime of knowing exactly what they’re doing to food and gas prices. It’s a mistake to think they’re just incompetent because that would mean we could correct their errors. Knowing that they are fully aware that their actions are going to raise inflation even further allows us to strategize differently.
In the article below by Mary Villareal from Natural News, we get to see how the meat industry is reacting to Joe Biden’s push to use ethanol in fuel at a time when food is becoming so scarce:
Meat producers react as Biden issues emergency waiver that allows selling gasoline with 15% ethanol
President Joe Biden issued an emergency waiver that allows gasoline stations nationwide to sell gasoline with 15 percent ethanol. With the record-high prices and soaring levels not seen since 1981, Biden effectively paused a federal environmental regulation that prohibits this biofuel mixture in the summer to limit smog.
Biden’s action, however, could lead to higher meat prices due to the increased demand for corn.
Heritage Foundation senior research fellow Daren Bakst said this would certainly drive up food prices and hurt meat producers who rely on feeds. Corn and soybean meal is used to feed livestock and serves as the largest cost for chicken producers.
“Further and artificial demand for corn created by this administration will likely increase the cost of corn and all food products dependent on corn and corn oil inputs,” said National Chicken Council President Mike Brown.
“What it does at the gas pump we shall see … but at what expense to consumers in the grocery store who are already dealing with the highest inflation in 40 years?”
At the end of the day, Brown said ethanol manufacturers win and consumers lose.
Overall inflation increased 8.5 percent year-over-year in March, the highest such jump in over 40 years as per federal data. Food prices surged even higher at a rate of 8.8 percent between April 2021 and March 2022, the largest 12-month increase since 1981. (Related: Inflation surges by 8.5% to 40-year high, disproving White House claims it wouldn’t go higher than 2.2%.)
The price of corn, however, has surged 37.8 percent from $3.97 to $5.47 per bushel between December 2020 to December 2021, and corn futures have surged more than 44 percent relative to their December price in the wake of Biden’s announcement.
Long-term solution needed, not short-term political fixes
A representative of the oil industry also criticized the Biden administration for the decision. Ron Chit, a spokesman for the American Petroleum Institute, said Americans are looking for long-term solutions and not short-term political fixes.
Heartland Institute President James Taylor said: “Burning food for fuel makes no sense at all when the Biden administration and others warn of widespread upcoming food shortages as a result of the Russian invasion of Ukraine.” He also mentioned that it’s as if the Biden administration is deliberately calculating how to make food-price inflation worse.
The Ukraine crisis has already triggered a global food supply shortage that experts believe could still worsen. Meanwhile, the National Cattlemen’s Beef Association (NCBA) previously characterized the 2005 renewable fuel standard program as a government policy that is picking one industry over the over. It mandates that energy providers replace a certain amount of petroleum-based products with renewable fuel, including ethanol.
Some groups are in favor of Biden’s action, however, saying criticism from meat groups was a “red herring” and that it would have little impact on corn supplies.
At present, there are more than a billion gallons of ethanol in storage and farmers still intend to plant 89.5 million acres of corn in 2022.
Andrew Walmsley of the American Farm Bureau said this is not a “one or the other” issue, adding that the United States has the resources to produce homegrown, renewable fuels while also meeting the demand of ensuring there is food on the table and that livestock are fed.
Moreover, according to Walmsley, the Ukraine crisis and supply chain issues are the main culprits for higher global food prices. (Related: Russia-Ukraine war will further worsen global food shortage as poor nations face starvation, unrest.)
“The amount of corn needed to meaningfully expand E15 this summer is minuscule,” said Troy Bredenkamp, senior vice president for government and public affairs at the ethanol advocacy group Renewable Fuels Association. He also mentioned that the amount of corn needed to double the current E15 use is equivalent to only 0.3 percent of last year’s corn crop.
The impact of the E15 waiver on grain markets would essentially be undetectable, but the impact on pump prices could be substantial, said Bredenkamp. “While every additional gallon of E15 sold will help relieve very tight fuel supplies, especially as the summer driving season gets into full gear, clearly there will only be a slight incremental effect on corn prices and no change in U.S. retail food prices.”
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Watch this video to learn more about the ethanol industry.
This video is from the TruthBeTold channel on Brighteon.com.
More related stories:
- New study finds corn-based ethanol fuel is actually WORSE FOR THE ENVIRONMENT than regular gasoline.
- Carbon taxes are here: World’s largest carbon capture pipeline to be constructed in the Upper Midwest.
- BlackRock president: INFLATION will teach VERY RUDE lessons to today’s consumers.
- Billionaire BlackRock CEO calls poor millennials “entitled,” promises them “scarcity inflation” (op-ed).
- IMF WARNS: Rising shipping costs are affecting inflation, raising prices of everyday goods.
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!