Saturday, July 5, 2008

Secret report: biofuel caused food crisis.

Secret report: biofuel caused food crisis - 75% of the increase in cost is supposedly due to biofuels.

Interesting how a good idea (biofuels), can get perverted through a lack of common sense and special interests.

The report notes out biofuels derived from sugarcane, which Brazil specializes in, have not had such a dramatic impact, of course the US has a high tarrif on it to protect the use of corn for fuel that does not make economical sense. Supply and demand, soon there will be other alternatives...

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