Hey Hey AAG, How many kids did you kill today?
...The biofuel revolution’s unpleasant negative consequence was first felt south of Rio Grande, when the escalating price of corn affected a food staple. Mexico’s tortilla inflation crisis is spreading north to the heartland of rib-eye steak and chicken wings. The USDA predicts that food prices will rise by up to 3.5 per cent this year as farmers rein in output in response to feedstock costs.
In Washington, the International Monetary Fund added its warning about the consequences of a mass conversion of food crops into fuel. Mounting political panic over carbon emissions has encouraged politicians in European and America to raise targets for the biofuel content in a litre of petrol.
Food prices rose by 10 per cent worldwide in 2006, said the IMF in its World Economic Report, owing to a surge in corn, wheat and soybean prices. The pressure on prices will increase, says the IMF. The EU’s target of a minimum biofuel content of 10 per cent will require 18 per cent of agricultural land to be set aside for road fuel production.
Of course for us a small rise in the price of food as we pay tribute to the suzerainty of the eco-gods is merely inconvenient. But as the bell curve of food prices moves to the right those poor bastards on a dollar a day starve a little more. But a few more dead black babies aren't nearly as important as feeling good about your carbon footprint, are they?