Biofuel Blows Your Drinking Budget
Biofuel blows drink budget
Cleaner-burning biofuels made from agricultural crops may be a more environmentally sound way to deliver energy than fossil fuels, but they may also drive up the price of your favorite adult beverage.
In news stories released last week, we learned of two examples where raw materials for drinkable alcohol are being replaced by crops to produce non-potable ethanol.
The Associated Press reports that in Germany, farmers are abandoning barley in favor of subsidized crops for biofuels. Thus barley prices have doubled in the past two years, and the increased cost of the raw materials is now being passed along to beer drinkers.
In Mexico, Reuters reports a similar phenomenon. A current glut in the agave market has inspired some growers to burn their fields and plant corn to meet U.S. demand for ethanol instead. While it doesn't appear that current Tequila prices have been raised, agave can take up to eight years to mature, so the next decade could see a shortage.
As if you needed another reason to stock up.




