This makes more sense than converting corn into biofuel. I hope they develop this technology.
http://www.popularmechanics.com/science/earth/4213775.html
http://www.popularmechanics.com/science/earth/4213775.html
`Using corn for biofuel is raising the price of corn. Corn farmers are happy and will plant more of it. Wheat and soybeans will likely go up in price since farmers will plant less of them and more corn. Animal feed will be more expensive so the price of meat will rise. If you eat bread and meat, the cost of your food will rise.
I am sure the "poor Mexicans" can get some bread instead of the corn based Tortillas. There are always going to be trade offs. Ethanol is not the answer though... there is NO WAY in hell we can produce enough of it to power even a decent fraction of cars.
And just why would an oil company want to reduce cost at the pump?