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World Bank report: Biofuels have forced global food prices up by 75%

Original post made by Jarred, Midtown, on Jul 5, 2008

"Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian.

The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body.

The figure emphatically contradicts the US government's claims that plant-derived fuels contribute less than 3% to food-price rises...."

Web Link

"Political leaders seem intent on suppressing and ignoring the strong evidence that biofuels are a major factor in recent food price rises," said Robert Bailey, policy adviser at Oxfam. "It is imperative that we have the full picture. While politicians concentrate on keeping industry lobbies happy, people in poor countries cannot afford enough to eat."

Comments (3)

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Posted by Walter E. Wallis
a resident of Midtown
on Jul 5, 2008 at 3:43 pm

Governments are even slower to admit to a mistake than baseball umpires. The emotional attachment to the silly wilderness and untouched nature may yet kill more people than a good sized war. Emotions distort proportionality, and a hamster wheel that owes no royalties to GE impresses more than a switch that delivers a team of horses at a flip. Good intentions can kill.


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Posted by Mike
a resident of College Terrace
on Jul 5, 2008 at 4:31 pm

W Wallis "The emotional attachment to the silly wilderness and untouched nature may yet kill more people than a good sized war. Emotions distort proportionality, and a hamster wheel that owes no royalties to GE impresses more than a switch that delivers a team of horses at a flip. Good intentions can kill. "

Walter, I thought they taught the 2nd Law in engineering school. Did you miss that one? Also, you might have missed the lesson on feedback systems. Korzybski? Perhaps?


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Posted by Walter E. Wallis
a resident of Midtown
on Jul 6, 2008 at 6:30 am

Mike, go look at the Grand Canyon and tell me about untouched nature. As for the second law, it is a pity it does not apply to ignorance. It has been a while since I let my subscription to Etc expire, but after Hayakawa voted to give away the Panama Canal I decided that sometimes the map WAS the territory.


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