November 19, 2008

Schafer: Anti-ethanol crowd has 'no credibility'

The Corn Commentary blog today has a post that features Agriculture Secretary Ed Schafer, who spoke at and spent a few minutes with the media after the Cellulosic Ethanol Summit today.

According to the blog, Schafer said the group that held a press conference yesterday calling for an end to ethanol subsidies "stood up there with no credibility whatsoever," when they claimed that it will take 18-24 months for the lower commodity prices to bring food prices back down.

"I just think that they are totally off base," Schafer said. "They are trying to justify the increased cost and increased profits that they’re making at the expense of another industry and that’s just not appropriate."

For the rest of the info - and an audio interview with Schafer - click here.

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