Yes, last summer the price of corn rose to peak highs in the range of  
$8.00/bushel along with the spike in oil prices, then corn dropped to  
in the $2.80 range by December, now is creeping back up again.  That's  
a lot of volatility.  Bankrupt a couple ethanol plants (boo hoo).  The  
good news is that CAFOs aren't profitable with high oil and commodity  
prices.

Donna



On Jan 9, 2009, at 11:09 AM, Bill Witt wrote:

> This is a very good article; do read it.  There is one very large  
> area that it doesn't address, however, and that's the tentacular  
> influence of oil on the worldwide industrial food and commodity  
> system and the havoc that in turn is wreaking on ecologies,  
> communities, cultures and economies world-wide.
>
> Bill Witt
>
> Quoting Thomas Mathews <[log in to unmask]>:
>
>> _http://www.tomdispatch.com/post/175018/michael_t_klare_the_problem_with_cheap
>> _oil_
>> (http://www.tomdispatch.com/post/175018/michael_t_klare_the_problem_with_cheap_oil 
>> )
>>
>> This is a must-read article!
>>
>> There is one slight error:
>>
>> "Like Russia, these countries adopted expansive budgets on the  
>> assumption
>> that a world of $70 or more per barrel gas prices would continue   
>> indefinitely."
>> --The author means oil prices, not gas prices.
>>
>> Tom
>> **************A Good Credit Score is 700 or Above. See yours in  
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>> cemailfooterNO62)
>>
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