Food vs fuel the debate rumbles on

Its 2009 and some things don’t change… the its your fault, no its your fault arguments over how much the biofuel industry is to blame for high food prices is one argument that is bringing some heat to this frigid January in London. The heat is coming from the US, and is only a little cooled by the immense distance. This time the Biodiesel Board has responded to soemthing by Kraft Food by submitting an opinion piece to USA Today. Read all about it. 

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2 Responses to Food vs fuel the debate rumbles on

  1. Pradeep 7 January, 2009 at 5:46 pm #

    Simon,
    I think that the more things change, the more they stay the same. Examples include the ongoing Russia-Ukraine natural gas dispute.

    Here is an article from the Chicage Tribune (yes, that Mid Western, corn-growing state!) about how low commodity prices take a while to work through the system. I think that there is some short-term profit taking on both sides that provides talking points for the other side.

  2. Derek 9 January, 2009 at 9:42 pm #

    Pradeep,

    If Kraft says, “Forty percent of the food supply is being diverted for use in fuel” and the correct number is less than 1%, then that’s not arguing over nuances or handpicking facts to score points. That’s an outright incorrect statement that needs a correction and retraction.

    It’s fine for Kraft to say that prices will eventually work their way lower over time. It’s not fine for them to back up their high prices with statements that are patently false.

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