A few years ago, the biofuel industry was busy taking heat for rising tortilla prices in Mexico and expensive corn in the U.S., among other things. Turns out, the food vs. fuel debate may have been a bit overblown. At least, that's the verdict of the Development Prospects Group at the World Bank, which just released a new report called "Placing the 2006/08 Commodity Price Boom into Perspective" (PDF). The headline conclusion: "...the effect of biofuels on food prices has not been as large as ori
Food Vs. Fuel
As the world's population continues to grow toward a projected 9 billion people by the early 2040s, the demand for food, fresh water and energy will grow with it. At the same time, supplies (water, in particular) are shrinking. So, does it really make it sense to suddenly accelerate the use of crops to produce fuel to satisfy our seemingly endless demand for energy? Of course not, especially when you consider the amount of water it takes to produce that fuel by current processes. The obvious ans
The Associated Press, in a story published today, sees in the recent statements of two agri-giant chairmen the broader debate of whether or not farmland should be used to grow food or fuel.