Do No Harm: /1 1. How rising oll prices Increased iInterest in alternative fuel

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Do No Harm: /1 1. How rising oll prices Increased iInterest in alternative fuel Aa Aa Rising oll prices over the past several years have prompted increased interest in alternative fuel sources. One of those fuels is ethanol, with corm as the primary ingredient The value of ethanol as an energy source is questionable, especially since ethanol requires a relatively large amount of energy to produce. However, beyond that question is the fact that a combination of federal, state, and local subsidies have led to a dramatic expansion in ethanol production facilities. As these facilities come online, their demand for corn will have a cascading effect in nearly every agricultural market. example ot how the forces of supply and The chain of events described in the accompanying article is a textbook demand allocate resources Read the article in the following scroll box and then answer the subsequent question. Grains Fuelled by Alternative Uses Kevin Morrison, The Financial Times January 15, 2007 Until recently, the state of corn, wheat and soyabean crops were mostly of interest to farmers and the food industry. But

Explanation / Answer

Corn

* This has been fueled due to the increased demand for corn. Corn an important ingredient in preparation of biofuel . Biofuel is the source of energy in future and hence it had been in great demand.

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