Word: biofueled
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Dates: during 2000-2009
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...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...
...situations will likely worsen with the financial implosion, especially in Latin America and Eastern Europe, where countries depend heavily upon foreign capital. Turbulence will mean compression of capital flows, labor immobility, and restricted access for the exports of developing nations. Droughts, commodity market speculation, and spiked food, oil, and biofuel prices also bring sorrow. While some first-graders will say goodbye to friends when they are forced to move houses in Indianapolis, more six-year-olds will die from the lack of cooking oil in Dhaka...
...diverting corn and other cereals to biofuel production, the market supply of cereals has diminished, contributing to increasing prices, he said...
...come from the two biggest car companies in the world, General Motors and Toyota. Both are working hard on plug-in electric vehicles, cars that could run for maybe 40 to 50 miles on a battery charge - far enough to cover most Americans' daily driving - with a gasoline or biofuel-powered extra engine to cover any additional driving. If it can be made economical, that would be an ideal compromise for the Earth and our budgets. And best of all, we could finally stop talking about the price...
...cluster of factors is depleting the world's supply of grains. In Europe, the U.S. and Asia, more farmers are growing crops, especially corn, not as food but for conversion into biofuel. Meanwhile, demand for food is surging in China and India, where hundreds of millions of increasingly prosperous people are eating more. Though the demand in these countries is for less rice and more meat and fish, this increases the consumption of grain in the form of feed: it takes 7-15 kg of grain to produce a kilogram of meat. Record-high oil prices and escalating freight costs...