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The hidden story of 2011 has been the record-breaking rise in global food prices. Global corn prices doubled between April 2010 and April 2011, while wheat prices are up some 60 to 80%. Exactly why food has gotten so expensive in recent months is the subject of an ongoing debate—biofuel policy, inflation, oil prices, natural [...]
Over on the Time.com mainpage, I have a piece about the connection between biofuels and rising global food prices, which hit a record level in January. The math is pretty simple—with 40% of the country’s corn crop going to ethanol, and palm oil plantations around the world displacing farms for biodiesel production, biofuels do exert [...]
It’s not every day that a decision by the federal government can bring together environmental groups, cattle ranchers, the automobile industry and gas station owners, all in anger—but that’s biofuel for you. Today the Environmental Protection Agency (EPA) announced that it was increasing the allowable percentage of corn-based ethanol that could be legally blended into [...]
