Bio-Foolishness.
Poverty, famine and violence are among the supposed products of global warming in the future. Yet these calamities are with us today thanks to a key element of “green” policy, biofuels. This feel-good measure is becoming a real-world disaster.
The prices of wheat and rice this year will have doubled since 2004, according to World Bank projections. Soybeans, sugar, soybean oil and corn are expected to be 56% to 79% costlier than in 2004. The bulk of the increases have come in the past year and can be attributed to the West’s push to turn these crops into fossil-fuel replacements like ethanol. Food prices will likely remain overinflated until at least 2015, the Bank says.
The result of these rising prices is that 100 million people could slip back into poverty, erasing seven years’ worth of gains, Bank President Robert Zoellick warned earlier this month. Food inflation and shortages have sparked riots from Egypt to the Philippines, and six people were killed in Haiti alone during nine days of related unrest there this month.
Gore Won’t Ask Wealthy Hollywoodans to Alter Lifestyle to Save Planet
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