Friday, August 1, 2008

SENATE AG HEARING ON ETHANOL IN OMAHA

(AP) — The U.S. Senate Agriculture Committee is scheduling a hearing in Omaha Aug. 18 to discuss ethanol’s effect on corn and food prices and examine the heated debate surrounding the biofuel. Sen. Ben Nelson said Wednesday during a telephone news conference that ethanol has unfairly been demonized by grocery associations, cattle organizations and others as the main cause for higher food prices and higher corn prices, which have ebbed in the past month.