Bill Clinton Tells The Truth

Finally! Sort of.

With global food prices rising and more corn being diverted to the production of ethanol fuel, Bill Clinton is warning of food riots in poor nations.

The former president told farmers and Agriculture Department employees on Thursday that while producing biofuels is important for reducing America's dependence on foreign oil, farmers should also look beyond domestic production and consider the needs of developing countries.

"I think the best thing to say is we have to become energy independent, but we don't want to do it at the cost of food riots," Clinton said.

Clinton's foundation has worked to develop agribusiness in African countries such as Malawi and Rwanda. He said the United States needs to look at the long term, global effects of its farm policy.

"We know that the way we produce and consume energy has to change, yet for farmers there are no simple answers," he said. "There is a way for us to do this and to do it right."

At the department's annual Agricultural Outlook Forum, chief economist Joseph Glauber said food prices are expected to rise this year and corn use for ethanol will continue to grow. He said 37 percent of all U.S. corn production could be used for ethanol by 2012.

So, 37% of our entire corn production is wasted? It's well established that have no net gain in fuel when we burn corn in our cars. So why burn even one bottle of ethanol?

Read more at the Washington Examiner: http://washingtonexaminer.com/news/2011/02/clinton-too-much-ethanol-could-spark-food-riots#ixzz1Eyl1GZ6J