In the article, Absolute Wealth’s Managing Editor James R. Gorrie investigates the drought’s effect on food prices in the US and beyond.
Austin, TX (PRWEB) August 18, 2012
Absolute Wealth, home to the most informative and educated financial experts and economic analysts, has published its latest Editorial Column, “Obama’s Hunger Games.”
In the article, Absolute Wealth’s Managing Editor James R. Gorrie investigates the drought’s effect on food prices in the US and beyond. Ethanol gas, powered by corn products, is still receiving a push from Washington, but may spell disaster for American dinner tables, said Gorrie.
“The Obama Administration’s fixation with adding ethanol to our gasoline means that in 2012 alone, 13.2 billion gallons of corn-based ethanol will be produced,” Gorrie said in the article. “That’s over 40% of the US corn crop going out our exhaust pipes rather than into the mouths of people. Clearly, Obama’s hunger games are more about feeding his “green” ideological cravings than feeding Americans and other people around the world.”
Should the government cancel, or at least slow down, ethanol production? Gorrie said that “the trade-off is pretty straightforward; it would create less ethanol in exchange for dropping corn prices. It would also increase corn stock into food production, which, by the way, includes livestock feed. It all means more food produced at lower prices for everyone.”
Gorrie’s thought-provoking articles on macroeconomic issues bring an impactful and no-hold-barred writing style to the events that effect both the private and public sectors.
James R. Gorrie is Managing Editor of Absolute Wealth, based in Austin Texas. In addition to his daily articles, The Gorrie Details, at Absolute Wealth, James also writes Special Reports, interviews current thought leaders, and provides analyses on geopolitical events around the world that affect the market. James is also currently writing a book on the crises China faces, which will be published by John Wiley & Sons in the spring of 2013. His background includes attaining doctoral candidacy in international relations and comparative politics, with an area specialty in international political economy and a BA in economics.
Absolute Wealth is an expert team of real investors and advisors devoted to identifying winning strategies for exceptional returns. Members subscribe to the company’s Independent Wealth Alliance for professional investment analysis and recommendations on the latest market trends and progressions. For more information and subscription instructions, visit AbsoluteWealth.com.