Tag Archives: Oil prices

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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The 15 Percent Solution

Politicians are now beginning to call for a repeal of the Renewable Fuel Standard (RFS). Sen. Kay Bailey Hutchison (R-Texas) recently announced that she would introduce legislation to freeze the biofuel mandate at current levels, saying, “Expanding biofuels while refusing to take other measures, such as lifting the ban on oil and natural gas production in Alaska and the Outer Continental Shelf, is counterproductive.” Texas Gov. Rick Perry (R) also asked for a 50 percent Read More >

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Questioning the Relationship Between Biofuels and Food Costs

A new study released by Texas A&M’s Agricultural and Food Policy Center undermines one of the key assumptions used in the studies that attributed a huge “carbon debt” to biofuels. The assumption used by Searchinger et al. is that biofuel production increases the cost of all commodity grains, encouraging countries to convert additional land – such as rainforest, peat land, and savannah – to agricultural production. The Searchinger paper calculates that agricultural production will have Read More >

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US Rep. Herseth-Sandlin (D-SD) Questioning Big Oil (ExxonMobil, Chevron, BP, ConocoPhillips, Shell)

Don’t miss US Rep. Herseth-Sandlin (D-SD) questioning big oil companies:  ExxonMobil, Chevron, BP, ConocoPhillips, and Shell [youtube=http://youtube.com/watch?v=ja8OD7zg-Ig]

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