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It's not price gouging

It's the result of a growing world economy all competing for the same commodities. Oil is simply the most visible to us, because we use so much of it. Have you seen corn prices over the past year? Between oil and corn prices, we pay more for a steak or bag of Doritos, but as ethanol manufacturers bid against food manufacturers, the excess grain that has fed the world's poor for decades is evaporating. Increasing demand for ethanol may actually result in hunger in the Third World. The entire globe is advancing culturally and economically at a phenominal pace. We are outpacing the production capabilities of most commodities.


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