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Ethanol production pushes food prices up - Brenham Banner-Press : News

Ethanol production pushes food prices up

Posted: Wednesday, March 14, 2012 11:17 am

COLLEGE STATION — The Energy Independence and Security Act of 2007 (EISA), which mandated a steep rise in domestic ethanol production, is causing unforeseen negative consequences for food prices while failing to live up to the desired gasoline results and other expectations, a Texas A&M University research team headed by an economics professor who studies energy issues has found.

James M. Griffin, director of the Mosbacher Institute for Trade, Economics & Public Policy, which is part of Texas A&M’s Bush School of Government and Public Service; and Mauricio Cifuentes Soto, a graduate student assisting him, say in their report that the goal of EISA was to cut greenhouse gas emissions and to ease dependency on imported oil.

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