Thursday, January 31, 2008

quotes for today

"Farmers are seeing little of the huge profits ethanol refiners like Archer Daniels Midland (ADM) are banking... ADM will earn an estimated $1.3 billion from ethanol alone in the 2007 fiscal year."
From New York Times article: "How ADM makes a killing on ethanol"

"The United States, in a misguided effort to reduce its oil insecurity by converting grain into fuel for cars, is generating global food insecurity on a scale never seen before."
Economist Lester Brown speaking to the Des Moines Register 1/25/2008

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