Weather: An ethanol nightmare

Milk prices up 90 cents per gallon

Thanks to ethanol, food prices have jumped 5 percent because the costs of all grains continue to increase as more land is dedicated to fuel-based grains. Some products, such as milk, have gone up far higher thanks to ethanol.

However, according to an analyst on CNBC, the problems could get far worse and shortages are just one bad storm or drought away. So, considering the dry weather the US has seen increasing the last few years, why is America considering significantly increasing the use of corn-based ethanol?

There are just too many potential downsides to corn-based ethanol, and some of those downsides are potentially catastrophic. So, why is Congress so out of touch?