Chart Porn: Here's the Real Reason Gas is So Expensive



...besides the fact that oil is sold in dollars and our dollars are being diluted on a daily basis by the money-printing maniacs at the Federal Reserve.

I present to you, my second favorite food-based commodity (after bacon pork bellies, of course), corn:



Lookit 'er go!

Corn was trading at $3.50 over the summer and is now just under $7. The U.S. government predicts corn reserves this year will be at their lowest level in 15 years due to high demand from China and, presumably, our gas tanks (who came up with that idea?! The cornfield mafia, of course.).

Just wait until these price spikes really hit the grocery store, we haven't even had time to digest this yet. Must be that global savings glut at work or something, couldn't possibly have anything to do with all the dollars we pulled out of our asses.

Worse, look for an ethanol farmer bailout, coming soon to a cornfield near you.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

1 comments:

Anonymous said...

The only thing that GMO corn is good for is filling a gas tank. I don't advise actually eating it.