Word: biofuel
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...Sure, I’m pretty special and all, but really? As a student doing a small project on the biofuel industry, I wasn’t exactly expecting unsolicited help from the government...
...While my text message may have been a Tanzanian phenomenon, biofuel is a global issue that arrived in East Africa on the coattails of Western investors. The industry offers tremendous promise but also poses serious risks for countries like Tanzania. As with any endeavor abroad, it is difficult to recognize the widespread repercussions of our actions and therefore we must proceed carefully. If we are too eager to have Africa subsidize our rapacious consumption habits, we may be imposing eco-colonialism rather than pursuing a sustainable solution to our problem...
...world’s demand for biofuel can be attributed to several factors including the European Union’s alternative energy targets, American fear of dependence on the Middle East, and the rise in the price of fuel. As fuel prices skyrocketed up to $145 a barrel this summer, biofuel became an increasingly appealing and economically viable solution to our oil addiction. But we are really addicted to oil, and what little ethanol the U.S. produces domestically (made from surplus corn that we used to donate as food aid) has not been able to cut it. In order...
...states, "The median farmer's net worth is five times the median American's." Of course it is - farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also jacking up the price of grain." Yet the price of corn has fallen at least 50% since its peak. Revising the bill is a good idea, but in doing so, we must realize that we will make food more expensive, since some farms will go broke. Sometimes these...
...states, "The median farmer's net worth is five times the median American's." Of course it is--farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also jacking up the price of grain." Yet the price of corn has fallen at least 50% since its peak. Revising the bill is a good idea, but in doing so, we must realize that we will make food more expensive, since some farms will go broke. Sometimes these...