Comments on: World Bank: Biofuels lift food prices 75 percent
U.K.'s The Guardian newspaper excerpts "secret" World Bank study that finds biofuels have massive impact on food prices, sharply higher than U.S. government estimates.
U.K.'s The Guardian newspaper excerpts "secret" World Bank study that finds biofuels have massive impact on food prices, sharply higher than U.S. government estimates.
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1. You like paying 1/3rd less than the price of gasoline.
2. Fuel tax revenues as compared to a Prius (vs. a Mecury Mountaineer FFV) is 350% more and 10-20% more than a comaparable standard internal combution engine.
3. Cleaner emissions.
4. Telling Hugo Chavez and the other two-bit dicators where to get off.
5. Patriotism at its best. Whom would you rather turn your dollar over to? The US farmer or Hugo Chavez?
Darwin is also at work, survival of the fittest. Let all of the Arab States, China, India and all of these "emerging countries" choke on the oil they are consuming. Energy independence before saving the world. It is about time we thought about the US first and not every nation with their hand-out. this is a classic case of the Laffer Curve. Since there isn't any money on top (we're tapped-out), there isn't anything flowing down-hill.
Screw the rest of the world. Let's tighten our belts and use E-85 as a stop-gap, until we move into hydrogen powered vehicles.
I'm with you though, this has big oil propaganda all over it.
At the true price it is not such a good deal.
And before you say anything, I am right here, paying almost 5 bucks for a gallon of gas and almost the same for a loaf of bread.
Nevada has the right idea with the state funded Hydrogen fueling stations powered by solar... If we took the money we have spent for the war in Iraq, we could have easily converted everyone's car to hydrogen and put in place the infrastructure of fueling stations. Then there would be no need to be over in the middle east!
Also with the price of corn going up, 2 Ethanol plants have been mothballed because they cannot compete with gas.
- by mgchandrakanth September 19, 2008 4:52 PM PDT
- How can the food prices all over the world increase by 75% if the demand for biofuels in US and EU increase? This all depends upon the feed stock. This is not true at least in India. Such generalizations should not be made without knowing the ground truth and reality. India never uses edible oil as feed stock. India has been advocating non edible oil seed trees such as Pongamia, Jatropha, Simarouba, Castor, Neem, Madhuca,.... as feed stock, that too the seeds. And these crops are grown on waste lands, on bunds etc which do not affect the food crop area or prices. Such statements in fact harm the biofuel program in India and perhaps in other developing countries. Please let us appreciate that US and/or EU is not the entire world. Neither they are representative samples of the problems all round the world nor their solutions are applicable to problems round the globe. Please do not take out some small phenomenon in the US and EU and apply to the whole world.
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