Thursday, June 07, 2007

Buffett on Corn

Here is another opinion of Warren Buffett at his most recent investor's meting.

"I think the idea of running vehicles on corn is one of the dumbest things I've ever seen. Governments, under pressure, do crazy things, but this is among the dumbest. Raise the cost of food so you can run these autos about? You use up justa bout as much hydrocarbons making ethanol as it produces, and its cost doesn't even factor in the loss of topsoil. "

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