DOE Says Biofuels Have a Minor Impact on Food Costs?

Posted on June 18, 2008. Filed under: Uncategorized |

DOE –  Cited a new report from New Energy Finance that concludes producing 7.2 billion gallons of biofuels are “only” responsible for a 17% increase in global food prices. Noting – “The increasing price of fossil fuels caused 35.2% of the increase in grain prices.”

The report concludes that population growth and fossil fuels prices placed the greatest pressure on grain prices, and that growth was not matched by increases in yields.

Sources: Energy Finance press release (PDF 16 KB)

See a summary of DOE testimony on the EERE Web site.

Advertisements

Make a Comment

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: