- The Washington Times - Thursday, June 4, 2009

ANALYSIS/OPINION:

Former Sen. George Allen’s column “Securing our economic freedom” offers a goal we should all support: removing our nation from dependence on foreign sources of energy. However, it makes the mistake of advocating tired and disproven myths about biofuels instead of presenting the facts.

It makes a great sound bite to blame biofuels for food price increases. However, the facts show biofuels are not to blame.

The nonpartisan Congressional Budget Office recently reaffirmed that energy prices were the true culprit behind the rise in food prices last year and that ethanol production raised food prices by less than 1 percent. In addition to oil prices, other factors have had a far greater impact on food prices than has the production of renewable fuels.

Excessive unregulated speculation in the commodity futures markets by Wall Street investors; the weak dollar, which increased export demand; and worldwide weather patterns were the biggest culprits last year when commodity prices reached record levels. Compared to last summer, commodity prices are lower and food prices have remained high.

I would like to invite Mr. Allen to join me on a tour of today’s modern ethanol plants to see for himself the impact homegrown ethanol is making to secure our energy independence, create jobs and improve our environment.

TOM BUIS

CEO, Growth Energy

Washington

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