By Barbara Hall, CNN
(CNN) - A substantial amount of the Corn Belt is in extreme drought. As a result, this year's crop yields are threatened and the price of corn is skyrocketing. This week, more than 150 U.S. lawmakers sent a letter to EPA Administrator Lisa Jackson urging action to reduce the Renewable Fuel Standard (RFS) to help ease corn supply concerns. The seven-year-old mandate, which was meant to reduce U.S. dependency on foreign oil, requires refineries to produce about 13 billion gallons of corn-based ethanol this year.
Arkansas Republican Congressman Steve Womack says it makes no sense:
[1:14] " The fact that we are trying to answer what used to be known as an energy crisis by creating a food crisis is just the wrong direction." FULL POST
By Libby Lewis, CNN
Get this: he raised $10 million in about a month. The people who chipped in will receive Pebble watches in return. FULL POST