The Collateral Damages of Growing BioFuel

Two things I heard this morning on the radio:

  1. Now, half of the corn cultivated in the US is for biofuel. Abroad, we see the same trend: more and more crops end up in gas tanks. The result of that is that is that the price of food has gone up for the Earth’s poors. The Food and Drug Administration of the United Nations (FAO) has issued a report predicting some kind of riots by hungry protesters.
  2. Before they can grow “oil palm trees” (is that Jatropha?), they have to burn the forests, thus releasing CO2 in the atmosphere —the complete, damn opposite of what the Earth needs right now.

The kind of bad news you’ll never hear at Caveat Bettor. :-D [See his comment!!]

About Chris F. Masse

Founder and President of Midas Oracle
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