By Bob Dinneen Our reliance on foreign oil is driving up all consumer prices today, including food. Americans know this. They know that soaring oil prices are increasing the cost of everything from apples to Pampers. Oil is used on the farm, in transportation, processing and packaging everything in the grocery store. According to a recent Purdue University study, record crude oil price is the single most important factor behind higher grain prices, responsible for 75% of the recent rise in corn prices. Biofuels provide one means of mitigating oil's devastating impact on our economy, including the higher price of food. The president of the Organization of Petroleum Exporting Countries, whose members will rake in over $1 trillion dollars this year, recently complained about the "intrusion into the market" from biofuels. Here's...
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