The United States and the European Union have taken a “criminal path” by contributing to an explosive rise in global food prices through using food crops to produce biofuels, the United Nations special rapporteur on the right to food said today.At a press conference in Geneva, Jean Ziegler of Switzerland said that fuel policies pursued [...]
How (corn) ethanol kills: a lesson in basic economics pertaining to fuel supply, fuel demand and price.
In an earlier post, I argued that people need to better appreciate that dollars are fungible (see here and here). Why is it important to understand that dollars are fungible? A case in point is the new American enthusiasm for turning food into fuel. Consider this report from Fortune Magazine: The growing myth that corn [...]