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Two necessities, fuel and food, create spiral of rising prices
JICWyllie
follow
4
7-1-2007 10:24 AM
389 views
tags:
energy
,
i-peak oil
,
i-risks
,
business
,
farming
,
food
,
i-prices
,
i-increase
,
currencies
,
i-inflation
JICWyllie
says:
The article does not mention higher food-miles costs adding to the price increase.
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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/73ae1ebf-1c7a-4b6b-9364-1255d7d619db/E01F81B9-CF91-4131-ACEF-DACEB02E64CA/" 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://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1" href="http://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1" style="font-size: 11px;">origin.mercurynews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1">Food prices are climbing at rates approaching 10 percent per year. But why the sudden change?</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://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1"> Modern high-tech farming is energy-intensive. So recent huge price increases in diesel fuel and petroleum-based fertilizers and chemicals have been passed on to the consumer.</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://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1">The sprawl of housing tracts, edge cities and shopping centers insidiously gobbles up prime farmland at the rate of hundreds of thousands of acres per year.</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://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1"> In turn, periodic droughts and competition from growing suburbs in the West have made water for farming scarcer, more expensive - and sometimes unavailable.</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://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1"> On the world scene, 2 billion Indians and Chinese are enjoying the greatest material improvement in their nations' histories - and their improved diets mean more food consumed than ever before.</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://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1"> Now comes the biofuels movement. </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://origin.mercurynews.com/opinion/ci_6248755?nclick_check=1">using one of every four acres planted to corn for fuel. </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;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E01F81B9-CF91-4131-ACEF-DACEB02E64CA/blog/" title="blog or email this clip"><img src="http://content7.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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