CFIF often highlights how the Biden Administration's bizarre decision to resurrect failed Title II "…
CFIF on Twitter CFIF on YouTube
Image of the Day: U.S. Internet Speeds Skyrocketed After Ending Failed Title II "Net Neutrality" Experiment

CFIF often highlights how the Biden Administration's bizarre decision to resurrect failed Title II "Net Neutrality" internet regulation, which caused private broadband investment to decline for the first time ever outside of a recession during its brief experiment at the end of the Obama Administration, is a terrible idea that will only punish consumers if allowed to take effect.

Here's what happened after that brief experiment was repealed under the Trump Administration and Federal Communications Commission (FCC) Chairman Ajit Pai - internet speeds skyrocketed despite late-night comedians' and left-wing activists' warnings that the internet was doomed:

[caption id="" align="aligncenter" width="515"] Internet Speeds Post-"Net Neutrality"[/caption]

 …[more]

April 19, 2024 • 09:51 AM

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Biofuel: Sowing Hunger Wherever It Grows Print
By Ashton Ellis
Wednesday, April 13 2011
When it comes to staking a clean and secure energy future on the stomachs of the world’s poor, one would think a technology like biofuels would be a non-starter.

With the cost of living climbing to new heights, the world’s poor are tasting the bitter reality of market-distorting government policies.  Biofuels, and the subsidy chasers who love them, damage not only America’s wealth – they make the simple act of eating exponentially more expensive. 

From October 2010 to January 2011, the cost of food rose 15 percent, according to the United Nations Food and Agriculture Organization’s index of food prices. 

World Bank President Robert Zoellick warned in February that, “Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world.” 

The World Bank estimates that 44 million people in the developing world were thrown into poverty as a result.  Zoellick stressed that the spike in food prices hits the poorest hardest because many of them already “spend more than half of their income on food.” 

The situation is only marginally better in more developed countries like China and India.  There, increasing wealth is causing a rise in demand for richer foods like meat and beer, commodities heavily reliant on accessible grain stock to keep pace with appetites. 

The problem facing all of these hungry consumers is the current alternative energy fad known as “biofuels.” 

With political turmoil engulfing petroleum-rich countries in the Middle East, many policymakers in the West and elsewhere are trying to supplement their energy supply with homegrown alternatives. 

But since expanding domestic oil and natural gas production is anathema to environmentalists – and nuclear power is now effectively off the table for many thanks to Japan’s Fukushima fiasco – so-called green alternatives like biofuels are filling the gap. 

Premised on the argument that plants are cleaner sources of energy than extracted goods like oil, gas and coal, biofuels divert staple crops like corn and cassava into non-food uses such as fueling cars. 

As with all green technologies, biofuels are an interesting idea that can’t compete in a free market.  In order to continue development, firms that specialize in biofuels make endless appeals for government subsidies to midwife them to sustainability.  (At which point, the companies will be happy to keep the profits and leave taxpayers with the R&D bill.)  

Acknowledging this, on March 31, President Barack Obama unveiled his so-called Blueprint for a Secure Energy Future.  The plan mandates cutting U.S. oil imports one-third by 2025, and promises billions of dollars in new investments to prop up green energy research. 

Unfortunately, the president’s blueprint does far more than send tax dollars chasing a green pipedream.  When coupled with a congressional statute requiring a switch to at least 36 billion gallons of biofuel annually by 2022, the effect is unmistakable: Having declared biofuels’ inevitable success, the government will now make it so with massive funding on a preordained timetable. 

So much for the federal government divorcing science from ideology.

And then there’s the effect on food prices.  For every ear of corn or cassava root that makes the jump to a biofuels plant, one less portion for food is available at market.  Moreover, with the supply of food decreasing at a time when world economies are developing, the price of eating better – or for many, eating at all – rises beyond reach. 

Few outside the biofuels industry think the technology is worth the price.  Some environmentalists recoil from the coal supply needed for production.  Many humanitarian groups deplore the inflated costs of food caused by the scarcity of grain stock biofuels create. 

The only interest group committed to increasing the biofuels experiment is a clutch of crony capitalists using the enticement of “green jobs” to lure in politicians. 

When it comes to staking a clean and secure energy future on the stomachs of the world’s poor, one would think a technology like biofuels would be a non-starter.  Perhaps it would be, if only the poor knew how to organize better. 

Notable Quote   
 
"Democrats have already made it clear that they will stop at nothing -- nothing -- to prevent Donald Trump from winning in November. So, we weren't surprised to read reports that President Joe Biden might declare a 'climate emergency' this year in hopes that it gooses his reelection odds. Never mind that such a declaration would put the U.S. right on the path to a Venezuela-style future.Late last…[more]
 
 
— Issues & Insights Editorial Board
 
Liberty Poll   

Do you mostly approve or mostly disapprove of U.S. House Speaker Mike Johnson's plan to introduce foreign aid packages for Ukraine, Israel and Taiwan before legislation on U.S. border security?