The Biden administration has approved E15 fuel for use during the summer driving season in the hope of reducing gasoline prices. E15 of course contains 15% ethanol and is usually not allowed in summertime. Ethanol is made from corn – food – which is predicted to be in short supply due to the high price of fertilizer, as a worldwide famine develops this winter. So we’re going to get a few cents off a gallon – maybe – at the cost of tighter food supply, leading to higher prices and people going hungry. Good trade, Joe.
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Location : Port Orange, Florida, United States
I'm an independent investor. I make my living from the returns on my investments and have done so for more than 20 years now. My background is in IT, everything from sysadmin through datacenter manager through hardware and software product management. marketing and development to CTO. Plus a side trip in banking. I sail and fly. -
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