Biofuels are a great source, but is now cereal prices raising because of it ?

Question

i mean billionaires oil industries had to switch to biofuels due to countries like Venezuela and Irak taking overpower and at the last for our behalf and the enviroment...but i see an increasing price on cereals recently .....is it because of the biofuels and the future corporations to be? ....do you think one bean will be worth a $100 bucks in the future ?...How the worlds food industry and supply will be in the future....do we will be able to incorporate cereals in our diets in the future or will be a high price food ? How about food for the caddle and other farm animals we eat ?

I just wondering if im right or wrong?

Answer 1

Maybe someone will invent a car that runs on Lucky Charms...lol

Answer 2

Ethanol is a hoax.  It costs more, still pollutes and has caused a shortage of feed for stock. Typical jumping on the band wagon of something not knowing the full impact