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Posts Tagged ‘biofuels’

Bio-fuels, Speculation, Land Grabs = Food Crisis

January 19, 2012 1 comment

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The Oil-Food Price Shock

March 11, 2011 Comments off

thenation.com

When future historians attempt to trace the origins of the current turmoil in the Middle East, they will find that one of the earliest of the many explosions of rage occurred in Algeria and was triggered by the rising price of food. On January 5, young protesters in Algiers, Oran and other major cities blocked roads, attacked police stations and burned stores in demonstrations against soaring food prices. Other concerns—high unemployment, pervasive corruption, lack of housing—also aroused their ire, but food costs provided the original impulse. As the epicenter of youthful protest moved elsewhere, first to Tunisia and then to Egypt and other countries, the food price issue was subordinated to more explicitly political demands, but it never disappeared. Indeed, the rising cost of food has been a major theme of anti government demonstrations in Jordan, Sudan and Yemen. With the price of most staples still climbing—spurred in part by a parallel surge in oil costs—more such protests are bound to occur.

Whatever the outcome of the protests, uprisings and rebellions now sweeping the Middle East, one thing is guaranteed: the world of oil will be permanently transformed.

From crippling droughts in the Ukraine and Russia to region-shaking unrest in Tunisia, rising commodity prices and extreme weather events are already threatening Read more…