[SaintGhurka]

>> this is the whole point of the US ethanol industry and farm subsidies in general

Interesting. I never saw it as a food security program.

I saw it as a way to advantage corn at the expense of oil on the global commodities market because we had lots of corn but we were short oil (at the time). So the solution was to, in effect, turn our corn into oil.

You can see its effect in the price of corn in 2006, which jumped about 80% and never went back down.[1]

[1] https://www.macrotrends.net/2532/corn-prices-historical-char...