He made these comments in the belly of the beast at an Agriculture Department’s Agricultural Outlook Forum where they were not well received.
However, he’s absolutely right. Corn for ethanol makes less corn available for consumption, and that drives up the price. Plus, corn is in everything. Corn ethanol was a cynical ploy started by George Bush to keep mid-west agribusiness happy. Obama has continued it. Making ethanol from corn is hugely inefficient, costly, and has obvious negative side effects. We should stop doing it and concentrate on biofuel from cellulosic leftovers and waste, plus biofuel from algae. That’s where the future of biofuel is.