Word: biofueled
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...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...
...demand will naturally push up prices over the long term. But it's debatable whether the huge price run-ups in the past few months for staples such as rice and corn can be pinned on China and India alone. Short-term factors-such as the huge boom in biofuel production and the skyrocketing cost of fuel that has pushed up fertilizer and transport prices-play a big part too. But to pretend that tens of millions of Chinese and Indians who are joining the middle class every year have no impact on demand for food is silly. Many Americans...