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  1. #1 Secret report: biofuel caused food crisis 
    Senior Member Perilloux's Avatar
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    Secret report: biofuel caused food crisis
    Internal World Bank study delivers blow to plant energy drive

    Aditya Chakrabortty
    The Guardian, Friday July 4, 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 The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body.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. It will add to pressure on governments in Washington and across Europe, which have turned to plant-derived fuels to reduce emissions of greenhouse gases and reduce their dependence on imported oil.

    Senior development sources believe the report, completed in April, has not been published to avoid embarrassing President George Bush. "It would put the World Bank in a political hot-spot with the White House," said one yesterday.

    The news comes at a critical point in the world's negotiations on biofuels policy. Leaders of the G8 industrialised countries meet next week in Hokkaido, Japan, where they will discuss the food crisis and come under intense lobbying from campaigners calling for a moratorium on the use of plant-derived fuels.
    Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
    ~Winston Churchill
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  2. #2  
    An Adversary of Linda #'s
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    Quote Originally Posted by Perilloux View Post
    Secret report: biofuel caused food crisis
    Internal World Bank study delivers blow to plant energy drive

    Aditya Chakrabortty
    The Guardian, Friday July 4, 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 The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body.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. It will add to pressure on governments in Washington and across Europe, which have turned to plant-derived fuels to reduce emissions of greenhouse gases and reduce their dependence on imported oil.

    Senior development sources believe the report, completed in April, has not been published to avoid embarrassing President George Bush. "It would put the World Bank in a political hot-spot with the White House," said one yesterday.

    The news comes at a critical point in the world's negotiations on biofuels policy. Leaders of the G8 industrialised countries meet next week in Hokkaido, Japan, where they will discuss the food crisis and come under intense lobbying from campaigners calling for a moratorium on the use of plant-derived fuels.
    Another 'first' for our Liberal Congress .Screwing up the worlds food sources by ill advised dictatorial legislation that drove the worlds grain prices and supply off the charts .
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  3. #3  
    Senior Member MrsSmith's Avatar
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    http://www.cleanfuelsdc.org/pubs/doc...eedandFuel.pdf

    Ethanol production is not about food vs. fuel.
    It’s about food and fuel.

    The conversion of grain to ethanol and other
    co-products is relatively simple. The starch and fiber
    are converted to ethanol and a variety of other
    products, depending on the process used.

    A “dry mill” process is the most common technology
    and is used in about 80% of U.S. ethanol plants.
    This is a basic but technologically innovative
    process that converts a bushel of corn into
    three products that differ in volume, but are
    nearly equal in weight.

    Basically, one bushel of corn yields one-third
    its weight in ethanol, one-third in high protein
    livestock feed (called “distillers grains”) and
    one-third in carbon dioxide, which can be
    used for food and beverage processing and
    industrial applications.


    >>>

    A 14 ounce box of corn flakes costs about $2.97 to
    $3.50. When corn is $2 per bushel, a box of corn
    flakes includes about 2.2˘ worth of corn. At $4 per
    bushel, the amount of corn in that cereal costs 4.4˘.

    Illinois Corn Marketing Board

    Between March 2006 and March 2007, fresh chicken
    prices were up 1.6 percent per pound. The average
    price of one dozen eggs was one penny more in
    March 2007 than in March 2004.
    U.S. Bureau of Labor Statistics

    A doubling of feed grain and oilseed prices would
    increase average food prices by less than four percent
    .”
    Bruce Babcock, Iowa State University.

    >>>

    America’s farmers are the most efficient and productive in
    the world. In 2006, U.S. corn farmers produced a near
    record 10.74 billion bushels of corn. Of that, 1.8 billion
    bushels went to the production of ethanol and
    co-products. (It’s important to note that ethanol
    production also consumed about 26 percent of the
    nation’s grain sorghum crop in 2006.)

    In 2007, farmers responded to market signals
    (as they always have) and geared up to fulfill the
    demand for more corn. In June 2007, the USDA
    National Agricultural Statistics Service reported that
    farmers planted 92.9 million acres of corn—an
    increase of 14.5 million acres
    over the previous year.
    Much of this came from the conversion of cotton
    and soybean acres to corn.

    >>>

    The ongoing innovation in crop genetics and
    technology continues to help farmers produce more
    bushels on the same acres. Based on recent estimates,
    U.S. corn farmers have the potential to produce
    15 billion to 16 billion bushels annually by 2015—
    perhaps as much as 18 billion bushels
    . Of this crop,
    one-third could be used in ethanol production—
    providing enough corn for 15 billion to 20 billion
    gallons of ethanol
    . That would leave a minimum
    of 12 billion bushels for feed, food and export
    markets—up from 9.5 billion bushels in 2006
    .
    Ethanol is the ultimate renewable resource.
    -
    -
    -

    In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.

    Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
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