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	<title>Comments on: World Bank: Biofuels Increased Food Prices 75%</title>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10575</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Sat, 05 Jul 2008 05:25:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10575</guid>
		<description>I agree that this was a complete hatchet job.  They are missing so many things it is laughable.  One fundamental point The WTO forced local sustainable farmers out of business by making them compete with heavily subsidized agribusinesses of the west.  So to say bio-fuels are starving people is ridiculous.  Food should never be outsourced.  Ever!  It was the world bank that forced Haiti and countless other countries to open there markets to global grain.  Haiti used to make 90% of it&#039;s own rice.  After it played ball with the World bank now they import 100% from the US.</description>
		<content:encoded><![CDATA[<p>I agree that this was a complete hatchet job.  They are missing so many things it is laughable.  One fundamental point The WTO forced local sustainable farmers out of business by making them compete with heavily subsidized agribusinesses of the west.  So to say bio-fuels are starving people is ridiculous.  Food should never be outsourced.  Ever!  It was the world bank that forced Haiti and countless other countries to open there markets to global grain.  Haiti used to make 90% of it&#8217;s own rice.  After it played ball with the World bank now they import 100% from the US.</p>
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		<title>By: Michael McKinlay</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10560</link>
		<dc:creator>Michael McKinlay</dc:creator>
		<pubDate>Fri, 04 Jul 2008 21:13:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10560</guid>
		<description>&lt;b&gt;Bush is an oil man. He views biofuels as competition for oil. A look at the Texas delegation shows that biofuels are very unpopular for the oil, beef , poultry, and pork interests. &lt;/b&gt;&lt;br/&gt;&lt;br/&gt;That said I agree with the report as not only corn is being diverted but additional acreage to corn from other grains and beans. The same can be said for biofuels in other countries as both product and acreage are being diverted from food to fuel.&lt;br/&gt;&lt;br/&gt;The whole corn ethanol subterfuge was a Frankenstein created by Big Ag, the chemical companies and farming state Congress. And all states claim some kind of Ag subsidies.</description>
		<content:encoded><![CDATA[<p><b>Bush is an oil man. He views biofuels as competition for oil. A look at the Texas delegation shows that biofuels are very unpopular for the oil, beef , poultry, and pork interests. </b></p>
<p>That said I agree with the report as not only corn is being diverted but additional acreage to corn from other grains and beans. The same can be said for biofuels in other countries as both product and acreage are being diverted from food to fuel.</p>
<p>The whole corn ethanol subterfuge was a Frankenstein created by Big Ag, the chemical companies and farming state Congress. And all states claim some kind of Ag subsidies.</p>
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		<title>By: macndub</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10555</link>
		<dc:creator>macndub</dc:creator>
		<pubDate>Fri, 04 Jul 2008 19:02:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10555</guid>
		<description>75% seems really high.  The impact of biofuels is at the margin, of course, and can make a big difference when supply/demand balances are tight, but I just can&#039;t see biofuels having such an enormous impact.  Would love to read the study.&lt;br/&gt;&lt;br/&gt;Of course, biofuels also drive up fossil fuel consumption, especially natural gas, since corn-based ethanol in particular requires more fossil energy to produce than it yields.  But the impact of biofuels on natural gas prices should be almost negligible.</description>
		<content:encoded><![CDATA[<p>75% seems really high.  The impact of biofuels is at the margin, of course, and can make a big difference when supply/demand balances are tight, but I just can&#8217;t see biofuels having such an enormous impact.  Would love to read the study.</p>
<p>Of course, biofuels also drive up fossil fuel consumption, especially natural gas, since corn-based ethanol in particular requires more fossil energy to produce than it yields.  But the impact of biofuels on natural gas prices should be almost negligible.</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10551</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 04 Jul 2008 17:14:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10551</guid>
		<description>I&#039;m sorry, I place the same credence in a single study by an unnamed &quot;senior economist&quot; from the World Bank as I would from any other source.  Especially with it being published in The Guardian.  Show me the report, show me the methodology.  I&#039;m no fan of biofuels, and certainly no fan of George Bush, but I can recognize a hatchet job nonetheless.&lt;br/&gt;&lt;br/&gt;Let&#039;s try and put our politics aside, and look at these things a little more skeptically.   I hope you value your credibility more than you do the chance to take a shot at Dubya.</description>
		<content:encoded><![CDATA[<p>I&#8217;m sorry, I place the same credence in a single study by an unnamed &#8220;senior economist&#8221; from the World Bank as I would from any other source.  Especially with it being published in The Guardian.  Show me the report, show me the methodology.  I&#8217;m no fan of biofuels, and certainly no fan of George Bush, but I can recognize a hatchet job nonetheless.</p>
<p>Let&#8217;s try and put our politics aside, and look at these things a little more skeptically.   I hope you value your credibility more than you do the chance to take a shot at Dubya.</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10540</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 04 Jul 2008 12:10:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10540</guid>
		<description>.... can&#039;t we all just let markets be free?</description>
		<content:encoded><![CDATA[<p>&#8230;. can&#8217;t we all just let markets be free?</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10538</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 04 Jul 2008 11:31:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10538</guid>
		<description>It&#039;s 10 P.M.  Do you know where your lobbyist is??</description>
		<content:encoded><![CDATA[<p>It&#8217;s 10 P.M.  Do you know where your lobbyist is??</p>
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		<title>By: Speaker73</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10537</link>
		<dc:creator>Speaker73</dc:creator>
		<pubDate>Fri, 04 Jul 2008 11:29:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10537</guid>
		<description>&lt;i&gt;Since April, all petrol and diesel in Britain has had to include 2.5% from biofuels. The EU has been considering raising that target to 10% by 2020, but is faced with mounting evidence that that will only push food prices higher.&lt;/i&gt;&lt;br/&gt;&lt;br/&gt;I would like to see a study on the number of lives lost and trillions wasted by arbitrary government mandates.</description>
		<content:encoded><![CDATA[<p><i>Since April, all petrol and diesel in Britain has had to include 2.5% from biofuels. The EU has been considering raising that target to 10% by 2020, but is faced with mounting evidence that that will only push food prices higher.</i></p>
<p>I would like to see a study on the number of lives lost and trillions wasted by arbitrary government mandates.</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10533</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 04 Jul 2008 10:36:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10533</guid>
		<description>DUH!</description>
		<content:encoded><![CDATA[<p>DUH!</p>
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		<title>By: Jojo</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10532</link>
		<dc:creator>Jojo</dc:creator>
		<pubDate>Fri, 04 Jul 2008 08:30:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10532</guid>
		<description>No one in power seems to understand that the Earth is complete SYSTEM with many feedback loops.  Change one thing and you affect a whole lot more.&lt;br/&gt;&lt;br/&gt;We let politicians under the influence of lobbyists make decisions that affect everyone and everything without much, if any, consideration for potential consequences.&lt;br/&gt;&lt;br/&gt;Ethanol from corn was a dog idea from the very beginning but that didn&#039;t stop the politicians from championing the idea.&lt;br/&gt;&lt;br/&gt;Which is why this article in the latest Wired magazine worries me greatly.  We&#039;ve got a bunch of idiots who want to try and cool the Earth by simulating what happens in massive volcano eruptions.  Of course, there are some negatives, such as acid rain and who knows what else.  Jeez.  Is there no end to our foolishness?&lt;br/&gt;&lt;br/&gt;Check out:&lt;br/&gt;Can a Million Tons of Sulfur Dioxide Combat Climate Change?&lt;br/&gt;http://www.wired.com/science/planetearth/magazine/16-07/ff_geoengineering</description>
		<content:encoded><![CDATA[<p>No one in power seems to understand that the Earth is complete SYSTEM with many feedback loops.  Change one thing and you affect a whole lot more.</p>
<p>We let politicians under the influence of lobbyists make decisions that affect everyone and everything without much, if any, consideration for potential consequences.</p>
<p>Ethanol from corn was a dog idea from the very beginning but that didn&#8217;t stop the politicians from championing the idea.</p>
<p>Which is why this article in the latest Wired magazine worries me greatly.  We&#8217;ve got a bunch of idiots who want to try and cool the Earth by simulating what happens in massive volcano eruptions.  Of course, there are some negatives, such as acid rain and who knows what else.  Jeez.  Is there no end to our foolishness?</p>
<p>Check out:<br />Can a Million Tons of Sulfur Dioxide Combat Climate Change?<br /><a href="http://www.wired.com/science/planetearth/magazine/16-07/ff_geoengineering" rel="nofollow">http://www.wired.com/science/planetearth/magazine/16-07/ff_geoengineering</a></p>
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		<title>By: Francois</title>
		<link>http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food.html#comment-10528</link>
		<dc:creator>Francois</dc:creator>
		<pubDate>Fri, 04 Jul 2008 07:42:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/07/world-bank-biofuels-increased-food-prices-75/#comment-10528</guid>
		<description>&quot;A potentially inflammatory element is that the report was completed in April and allegedly deep-sixed so as not to discomfit President Bush.&quot;&lt;br/&gt;&lt;br/&gt;This can&#039;t be serious!&lt;br/&gt;&lt;br/&gt;Let&#039;s assume this report would have been published as it should have been. What was Dubya going to do? Bomb the World Bank? Cut the US contribution to it? Call and scold them? Given also the fact that he is soooo respected everywhere, who&#039;s supposed to give a hoot about his feeling anyway?&lt;br/&gt;&lt;br/&gt;Give me a break!&lt;br/&gt;&lt;br/&gt;I can&#039;t wait to see how the politicos (and most especially the candidates) in DC are going to struggle with that report. The amount of spin will be enough to create another Katrina of BS.&lt;br/&gt;&lt;br/&gt;Nobody in Washington seems to have the kahunas to confront the lobbies and tell them to go to hell this time. But for these same politicians, low income Americans (not mentioning people in other countries) can be damned, since they don&#039;t contribute to their electoral slush fund.&lt;br/&gt;&lt;br/&gt;This is pure madness.</description>
		<content:encoded><![CDATA[<p>&#8220;A potentially inflammatory element is that the report was completed in April and allegedly deep-sixed so as not to discomfit President Bush.&#8221;</p>
<p>This can&#8217;t be serious!</p>
<p>Let&#8217;s assume this report would have been published as it should have been. What was Dubya going to do? Bomb the World Bank? Cut the US contribution to it? Call and scold them? Given also the fact that he is soooo respected everywhere, who&#8217;s supposed to give a hoot about his feeling anyway?</p>
<p>Give me a break!</p>
<p>I can&#8217;t wait to see how the politicos (and most especially the candidates) in DC are going to struggle with that report. The amount of spin will be enough to create another Katrina of BS.</p>
<p>Nobody in Washington seems to have the kahunas to confront the lobbies and tell them to go to hell this time. But for these same politicians, low income Americans (not mentioning people in other countries) can be damned, since they don&#8217;t contribute to their electoral slush fund.</p>
<p>This is pure madness.</p>
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