Friday, July 11, 2008

Bio-fuels to blame

Bio-fuels - with questionable value to the oil supply/demand equation (it takes as much to produce as it saves or replaces) - hurt food production and supply in exactly the way you'd expect.

From a recent World Bank report:
... at least 75% of the recent price rises are due to land being removed from agriculture — mainly maize in North America and rapeseed and corn in the EU — in order to grow crops to be burned for vehicle fuel.
Read about the secret report and decide for yourself if the fuel and food crises are related to 'population reduction.'

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