Fill your car and starve the world? What do yout hink?
Friday, 18 July 2008
Taken from Patrick Dixon @ You Tube
Biofuels scandal and food price rises: Woerld Bank report this week in depth study. Findings: 15% food price rise relates to energy costs / fertiliser price rises. 75% is linked to demand from biofuel industry. "Rapid growth in incomes in emerging economies has not led to large increases in global grain consumption and was not a major factor responsible for large price increases." Biofuels industry can expect major changes in government policy, regulations and taxation / subsidies.
While we can not stop the rise of the fuel (petroleum, diesel, gases, biofuel, ethanol etc etc), why should we sacrifice the needs of other for food? Ask yourself......discuss it....
Last Updated ( Friday, 18 July 2008 )
BIOFUEL VS FOOD CRISIS VS PRICE HIKE
Tuesday, 03 June 2008
BIOFUEL VS FOOD CRISIS VS PRICE HIKE
# 1
The new market for biofuels has raised grain prices. Corn is being used to produce energy and the market is anticipating hugely increased production in the coming decade. George Bush wants 15 per cent of American cars to run on biofuels by 2017, which will mean trebling maize production. Europe has a set a transport fuels target of 5.75 per cent from biofuels by 2010. As a result, the price of corn has begun to track that of oil quite closely.
