Food for Fuel (and Thought)

Sept. 12, 2013
Europe decides economics trumps climate change.

The EU Parliament is putting forth a proposal to limit the biofuel content in gasoline (think corn-based ethanol as an example).  They are concerned that diverting food crops to energy use could potentially drive up food prices. 

Biofuels are also expensive and drive up the cost of energy for businesses and consumers.  That is sound thinking coming out of Brussels, and Washington should consider doing the same.  Let’s phase out expensive and inefficient ethanol in favor of US oil or, even better, a switch to natural gas powered vehicles.

Economic factors, like food prices and higher biofuel-based energy costs, may be trumping climate change concerns in Europe.  California should take a lesson from Europe.  California is sitting on an immense shale-oil deposit in the Monterey Shale.

Developing the field would solve California’s fiscal problems while creating thousands of high-paying jobs.  A financial crisis is forcing Europe to consider energy-related changes that run counter to their culture.  I hope California does the same thing. 

About the Author

Alan Beaulieu Blog | President

One of the country’s most informed economists, Alan Beaulieu is a principal of the ITR Economics where he serves as President. ITR predicts future economic trends with 94.7% accuracy rate and 60 years of correct calls. In his keynotes, Alan delivers clear, comprehensive action plans and tools for capitalizing on business cycle fluctuations and outperforming your competition--whether the economy is moving up, down, or in a recession.

Since 1990, he has been consulting with companies throughout the US, Europe, and Asia on how to forecast, plan, and increase their profits based on business cycle trend analysis. Alan is also the Senior Economic Advisor to NAW, Contributing Editor for INDUSTRYWEEK, and the Chief Economist for HARDI.

Alan is co-author, along with his brother Brian, of the book MAKE YOUR MOVE, and has written numerous articles on economic analysis. He makes up to 150 appearances each year, and his keynotes and seminars have helped thousands of business owners and executives capitalize on emerging trends. 

Prior to joining ITR Economics, Alan was a principal in a steel fabrication company and also in a software development company.

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