Biofuels cause spike in food prices - duh!


	Biofuels cause spike in food prices - duh!

egoldstein

7-6-2008 9:05 PM

434 views

tags:

biofuels, food prices, alternative energy

egoldstein says:

I currently think the U.S. is doing it all wrong. The Bush administration is very supportive of biofuels and drilling for oil, but they're not giving nearly enough support to wind and solar. Hopefully with a new President in a few months will come a much more effective energy policy.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/478cbe33-d082-4a39-8c49-7d1e2ed6d1c6/B46A57D2-DA07-4337-8FF1-AE920C38F8BD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/afp/20080704/ts_afp/climateenvironmentbiofuelsworldbankusbritain" href="http://news.yahoo.com/s/afp/20080704/ts_afp/climateenvironmentbiofuelsworldbankusbritain" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/afp/20080704/ts_afp/climateenvironmentbiofuelsworldbankusbritain"><P>
                        LONDON (AFP) - 
Biofuels have caused world food prices to increase by 75 percent, according to the findings of an unpublished World Bank report published in The Guardian newspaper on Friday.                        
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The daily said the report was finished in April but was not published to avoid embarrassing the US government, which has claimed plant-derived fuels have pushed up prices by only three percent.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/afp/20080704/ts_afp/climateenvironmentbiofuelsworldbankusbritain"><P>
The report's author, a senior <SPAN id="lw_1215157055_1" class="yshortcuts">World Bank</SPAN> economist, assessed that contrary to claims by US President George W. Bush, increased demand from <SPAN id="lw_1215157055_2" class="yshortcuts">India</SPAN> and <SPAN id="lw_1215157055_3" class="yshortcuts">China</SPAN> has not been the cause of rising food prices.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B46A57D2-DA07-4337-8FF1-AE920C38F8BD/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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