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Friday, July 4, 2008 12:00 AM

A biofuel food-price bombshell

The U.K. Guardian reports some astonishing numbers from a "confidential" World Bank study on energy crops and grain prices.

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  • Saturday, July 5, 2008 06:08 AM

    The real travesty of biofuels

    If biofuels mandates are a 'crime against humanity' than basically any action which doesn't minimize food prices is a crime against humanity.

    Well, if the "action" is subsidized by any government, yes.

    The real travesty inherent in biofuel production is its subsidy by the U.S. gov't, to the tune of 51c per gallon of E85 produced. This is disgusting and an ab initio perversion of any "market forces" that may be prsent.

    If the bio-fuel cult wants to produce their stuff, fine. BUT NO SUBSIDIES! They do it on their own, survive by their own profits in competition with other fuels ....or they perish.

    Simple as that. The fact that certain Greens could even have thought this was a good idea is absurd, especially as it actually generates 40% more greenhouse gases. (Not to mention the thousand or so gallons of water needed to produce each gallon of ethanol)

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