Corn is for eating… or drinking

Unlike subsidies to farmers for growing corn, which tends to bring the price of corn down, the more corn that subsidized ethanol plants use, the higher the price rises, and so inevitably, the price of meat, milk and eggs too. Somewhere along the way, the consumer may face a momentous decision: shall I eat or shall I drive? The best use of corn in my opinion is to make good bourbon. At least we might die happy if our civilization crashes like the corn-dependent Mayan culture did.

60 percent of oil and gas execs believe trend of declining reserves is irreversible

Results of a KPMG survey, which polled 553 financial executives from oil and gas companies in April 2007. “These executives are deeply concerned about declining oil reserves, a
situation they see as irreversible and worsening,” said Bill Kimble of KPMG LLP.