Sunday, February 17, 2008

Telegraph: Why the price of 'peak oil' is famine

Full article

  • The current commodity cycle is unique because energy and food have "converged" in price - they are now interchangeable due to biofuels
  • Without government subsidies, sugar cane would be the only economically viable biofuel (@ $35/barrel equivalent)
  • Land devoted to biofuels projected to continue its climb

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