CE2 - Alexandria Daniel 9 April 2010 ECON 2100 MWF 9:05...

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Alexandria Daniel 9 April 2010 ECON 2100, MWF 9:05 Current Event 2 Food Versus Fuel “Fuel Choices, Food Crises, and Finger-Pointing” article from The New York Times brings our attention to the issue of using food for fuel. Andrew Martin stated, “The idea of turning farms into fuel plants seemed, for a time, like one of the answers to high global oil prices and supply worries.” That was until leaders from poor countries challenged that these fuels are driving up food prices and starving poor people, which creates the food versus fuel debate. “According to the World Bank , global food prices have increased by eighty three percent in the last three years.” In the United States, grocery prices have increased around five percent in the last year. President Brush acted, ordering that two hundred million dollars in emergency food aid be made available to “meet unanticipated food aid needs in Africa and elsewhere”, a White House statement said. Skeptics have questioned the value of diverting food crops into fuel, and
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