Todays editorial in The New York Times looks at the Food Crisis that is gripping the world. Increase in corn prices due to diversion of corn to produce ethanol and other biofuels in the United States has ticked off a global domino. In addition, the growing middle class in India and China is further exasterbating the situation with increased demand for grains and meat.
Multiple studies recently have shown that ethanol has no net impact in reducing green house gases to prevent Global Warming. Thus, it is becoming increasing clear that the developed worlds experiment with ethanol should immediately stop as it is creating unintended consequences.
Read the editorial at The World Food Crisis
Read my other posts on Global Warming
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