Scarcities are created by a combination of factors-hoarding of existing stocks, lesser yields as farmers couldn’t afford the high fertiliser prices (due to price hikes and/or withdrawal of subsidies on them)and less monsoon.

What is the % of arable land taken up by biofuel crops- negligible to cause any impact.

Yes, the oil lobby is working overtime to cause the distortions of truth.

And don’t forget the economic terrorists aiming to dstabilise the developed and developing world for their own stupid ideological goals.

You have the recipe and we are feeling the heat all over the world. It will be worse, if immediate fiscal measures are not put in place to make available enough credit to farmers. The result could be catastrophic, worse than what we are seeing and may become difficult to reverse without timely action by US & EU together.

Ram

This can only be mitigated by facing it without flinching and going about implementing economic and financial reforms.

Given investment capital I could see us cutting oil consumption by 80%-90% in 25 years. It all depends on taking those first few steps.

Given investment capital I could see us cutting oil consumption by 80%-90% in 25 years. It all depends on taking those first few steps.

The first time I ever heard of how biodiesel was “immoral” was from the CEO of Exxon (or Chevron…). Forgive me if I doubt the sincerity of the plea. A CEO is not hired to care about the poor, disenfranchised, non-stock holders of the world. He isn’t paid $100 million a year to balance the needs of his corporate god against the benefits to humankind as a whole.

So when you tell me that most of the studies on the hike in fuel prices only looked at the contribution from biofuel, let’s look at who funded that research. If it’s petroleum companies, than they have successfully suckered us by appealing to our vulnerability as moral beings (which corporations are not.) The fact that we keep repeating these arguments shows just how successfully they’ve duped us. So thanks for expanding the discussion and weakening their domination of the discussion.

Look at all the data, not just the part they’ve disseminated for their cause!

The first time I ever heard of how biodiesel was “immoral” was from the CEO of Exxon (or Chevron…). Forgive me if I doubt the sincerity of the plea. A CEO is not hired to care about the poor, disenfranchised, non-stock holders of the world. He isn’t paid $100 million a year to balance the needs of his corporate god against the benefits to humankind as a whole.

So when you tell me that most of the studies on the hike in fuel prices only looked at the contribution from biofuel, let’s look at who funded that research. If it’s petroleum companies, than they have successfully suckered us by appealing to our vulnerability as moral beings (which corporations are not.) The fact that we keep repeating these arguments shows just how successfully they’ve duped us. So thanks for expanding the discussion and weakening their domination of the discussion.

Look at all the data, not just the part they’ve disseminated for their cause!

Now, I was no farm-boy, but I wansn’t blind either. Soy beans and corn did not “compete.” They were more like symbiotes. Corn sucked the nitrogen out of the soil. Soy beans put nitrogen back into the soil. Crops were alternated annually by most farmers.

Of course, that was three decades ago…

I would also like to know how much of the increase in food cost is due to the petroleum used to till, plant, fertilize, harvest, process, and deliver said food.