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Biofuels and Food

Naked Capitalism has a post up about a Guardian article on a World Bank paper that ties 75% of the price increase of foods to biofuel production. I expect that this means that biofuels will soon be scrapped as an alternative to oil. Which may be a good or a bad thing. Hypothetically we could have localized food production and the mammoths could still churn out ethanol. But I doubt that is going to happen.

Categories: Asides.

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