Growth Energy Responds to Flawed Study
Growth Energy CEO Tom Buis also responded to the study released by the National Council of Chain Restaurants Wednesday. Buis notes just 14-percent of the price of food is attributable to the cost of the commodity - with the rest attributed to energy costs and marketing. He says it takes a lot to bring food from the farm to the table - and the processing, packaging, wrapping, storage, refrigeration and transportation costs are all energy intensive. Buis says these groups distort the facts in order to justify higher profits - and ignore the fact that Americans pay the lowest per capita cost for food in the world. The renewable fuels industry - he says - is a win-win for America. Buis says the industry is creating jobs and revitalizing rural economies - as well as improving the environment and decreasing the nation's dependence on foreign oil. At the same time - Buis says consumers are getting a choice and savings at the pump.
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