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April 09, 2007
THIS SEEMS TROUBLING:
Prices for farm produces are soaring, driven in part by demand for carbohydrates to manufacture ethanol fuel. This is good news for farmers in places like Latin America, who have seen their incomes grow in recent years thanks ot a global commodity boom, but bad news for consumers who are facing inflationary pressure--and hunger in some poor areas.
Biofuel made of food seems iffy to me. Make it out of waste, of course, and it's a different story, but that appears to be a lot harder. More on alternative fuels here.