Okay, mark today's date (March 13th) down as when Daily Sprawl made this prediction:
The ongoing ethanol/bio-fuel fiasco is about to drive food prices into a hyper-inflation mode like we've never seen in our lifetimes.
Here's the deal...in a desperate attempt to salvage the auto-centric sprawl system that is endemic to this country, the government is increasingly turning to food-derived fuel now that oil continues its quick trot toward $150 per barrel.
The insanity of this trend is that every ounce (much less gallon) of food-derived fuel decreases the availability of that food for eating.
In other words, vehicular consumption replaces human consumption.
That's right--repeat the above statement three more times and pause to think about it.
Okay. Hopefully that little exercise clarifies things a bit. Namely, that this is crazy, ridiculous decision-making.
Do we really need to drive so much that its worth inflating the cost of almost every type of corn or grain-reliant food? Bread. Milk. Eggs. Cereal. Poultry and Beef.
Frankly, this trend only furthers to cement what is shaping up to be a real Nero-complex for this country.
You can mark this prediction in ink.