US Wants More Ethanol In Gas

Agriculture Secretary Tom Vilsack says that he'd like to see the limit on the amount of ethanol that can be mixed with gasoline increased from 10 percent "fairly quickly".

The Environmental Protection Agency were asked last week to up the amount to 15 percent by US ethanol producers.

Vilsack himself goes even further saying that he sees no reason why this can't be increased to 20 percent in the not too distant future.

Unsurprisingly, the proposals met with the rapturous approval of US farmers, eager to see another ethanol-fueled price boom.

Such a move would simultaneously save the planet, provide thousands of new jobs, stimulate the economy and do everything short of promoting world peace, they say.

And it seems like Vilsack & Obama largely agree with them.

That's just what we need to get us out of a global recession, soaring world food prices. Again.