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Second, the U.S. and Europe should abandon their policies of subsidizing the conversion of food into biofuels. The U.S. government gives farmers a taxpayer-financed subsidy of 51¢ per gal. of ethanol to divert corn from the food and feed-grain supply. There may be a case for biofuels produced on lands that do not produce foods--tree crops (like palm oil), grasses and wood products--but there's no case for doling out subsidies to put the world's dinner into the gas tank...
Vodka, like liquid kudzu, just seems to grow and grow, especially in the U.S., where sales have expanded 35% since 2002. Russians still account for nearly half of the 1.22 billion gal. (4.6 billion liters) consumed annually, but the rest of the world is catching up fast, and global growth prospects are huge, especially for so-called premium vodkas. "There was no way that an ambitious company like Pernod Ricard could pass up an opportunity to acquire Absolut, even though it has cost them dear," says senior drinks company analyst Jeremy Cunnington of Euromonitor International...
...best place to see this is America's biofuel mecca: Iowa. Last year fewer than 2% of U.S. gas stations offered ethanol, and the country produced 7 billion gal. (26.5 billion L) of biofuel, which cost taxpayers at least $8 billion in subsidies. But on Nov. 6, at a biodiesel plant in Newton, Iowa, Hillary Rodham Clinton unveiled an eye-popping plan that would require all stations to offer ethanol by 2017 while mandating 60 billion gal. (227 billion L) by 2030. "This is the fuel for a much brighter future!" she declared. Barack Obama immediately criticized...
Someone is paying to support these environmentally questionable industries: you. In December, President Bush signed a bipartisan energy bill that will dramatically increase support to the industry while mandating 36 billion gal. (136 billion L) of biofuel by 2022. This will provide a huge boost to grain markets...
...water away from agriculture--which claims 85% of the supply--in favor of the region's thirsty cities. That would be challenging politically, but something has to give. Still, while Lake Mead has shrunk to just 52% of capacity, the immense reservoir still contains an incredible 9 trillion gal. (35 trillion cu L) of water. But the dry sky above and the rock all around reinforce the inescapable fact that this land was a desert, is a desert and always will be a desert. When the American explorer J.C. Ives visited the present location of the Hoover...