Tag Archives: fuel

High Food Prices Hurt Consumers and Biofuels Companies

Yesterday, the New York Times wrote: “A United Nations food agency called on Tuesday for a review of biofuel subsidies and policies, noting that they had contributed significantly to rising food prices and the hunger in poor countries. With policies and subsidies to encourage biofuel production in place in much of the developed world, farmers often find it more profitable to plants crops for fuel than for food, a shift that has helped lead to Read More >

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USDA Says Biofuels Not Responsible for Increasing Food Prices

On Monday the USDA held a press briefing. The subject? Food and fuel. One theory that has been widely discussed in recent weeks is that the nation’s growing demand for biofuels and the crops needed to produce them is the real culprit behind higher food prices, both at home and abroad. Yet the evidence that we have seen, and that Joe will take you through in just a few minutes, does not support this. said, Read More >

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