Ex. Ethanol
2007-11-01 20:21:44 · 7 answers · asked by I Speak the Truth 5 in Social Science ➔ Economics
its economics. Sugarcane to make ethanol is in glut so it gets greater value if converted to ethanol and fuel. This trend will reverse automatically when the demand for food items increase in the next cycle. Pure economics. Demand and supply dynamics
2007-11-01 21:17:27 · answer #1 · answered by Sonador 1 · 0⤊ 0⤋
I dun think the world is going to starve when food is converted into fuel. Afterall, people in Africa are still starving despite the huge shipments of food due to bad logistics and lousy governing.
Fuel made from crops is just another alternative to the oil which is getting more expensive. I think it won't be adopted on a worldwide and large scale. There are other alternatives which are available.
2007-11-02 05:00:23 · answer #2 · answered by floozy_niki 6 · 0⤊ 0⤋
The subsidies the US provided to US grain farmers is the past made world prices so cheap as to make farmers in third world countries not plant grain as a cash crop, making rural poverty worse so many moved to cities. However it did make food prices cheap, and many urban dwellers became dependent on cheap food. The sudden conversion of our surplus grain to bio-fuels instead of export produced a price shock, but if the conversion had been gradual may have actually benefited poor nation's economy. The world can produce enough food to feed twice the population we have now, and bio-fuel can be made from waste products of plants, so the problems we see is the results of improper utilization of resources, caused by man made mistakes, not a real shortage of food production capacity.
2007-11-02 08:44:31 · answer #3 · answered by meg 7 · 1⤊ 0⤋
OK,,, ur mind is in over time... good question...
humorous ans.. Starving world???? NO,,, not for everyone.. !!! kinda like Noah's Ark....
they are gonna take the our food chain.. and use it in space shuttles..
and the bigwigs.. are gonna climb aboard..
and leave the rest of this corrupt world behind....
and I suppose a Generation of people will start all over...????
2007-11-02 03:43:14 · answer #4 · answered by ♥ Blondie ♥ 7 · 0⤊ 1⤋
actually corn subsidies can be used for making food products or fuel. just grow it and government, (u.s. of a), pays farmers a subsidie for it. farmers are making a killing!
what the governmanet needs to do is pay oil companies subsidies for new exploration of crude and encourage new refining capacity.
2007-11-02 15:02:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It sure brings up the price of things like corn and wheat
2007-11-02 03:30:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Hardly.
2007-11-02 08:07:25 · answer #7 · answered by KevinStud99 6 · 0⤊ 0⤋