As anyone in an undergraduate economics class could tell you the fuel market and food markets were essentially separate. Rises in oil price had only an indirect marginal effect on the price of food through fuel and fertilizer costs. Climate fanatics however have suceeded in linking the two directly by enlisting Big Agriculture and Big Government in forcing biofuel mandates on the world. Not only are food crops like palm oil and soybeans now diverted directly to fuel production, agricultural land is diverted to the production of fuel crops rather than food crops. If you're growing corn for ethanol, you plant high sugar varieties, if you're growing for food, you want high protein. Less wheat, more corn, and so on. None of this could have happened without the perverse incentives of government subsidies. Congratulations for joining at the hip two groups who couldn't care less about the poor--climate fundmentalists and agribusiness.
When even the BBC gets it, it should be obvious to everyone.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment