The Food Chain - Hoarding Nations Drive Food Costs Ever Higher
11:20 am June 30, 2008The Food Chain - Hoarding Nations Drive Food Costs Ever Higher - Series - NYTimes.com
This shouldn’t be a surprise to anyone. Look for this situation to worsen if oil prices remain anywhere even close to where they currently are. Frankly, I’m not sure how the agricultural free trade folks are going to make their collective case as things progress, but you can be sure that the developing world will take a big hit. This is one of those points where the green energy lobby misses the mark with the downstream effects of their policies (think biofuel subsidies). How can scoring political points be acceptable when we’re starving a good chunk of the Third World?
Prediction: Drilling in ANWR and in protected offshore areas will be back on the table before the end of the year.
