> From: "Barry B. Bean" <bbbean@xxxxxxxxxxxxxx>
>
> ... the US enjoys the least expensive food and fiber in the world
Due COMPLETELY to cheap energy, which is about to make a BIG change!
"Appetite for ethanol spurs food price inflation... Rising demand for
biofuels will likely cause the prices of corn and soybean oil to rise
further, and to move more closely with the price of crude oil, as has
been the case with sugar, [according to the normally stodge
International Monetary Fund]" http://www.theglobeandmail.com/servlet/
story/RTGAM.20070410.wxfood0411/BNStory
The US farmers (you possibly excluded :-) are not better, brighter,
or more business-savy than farmers elsewhere. They simply have a huge
subsidy in the form of the world's cheapest energy, which is only
because oil is priced in dollars, so people all over the world are
willing to hold these IOUs so they can buy oil.
Which brings us to the REAL reason Iraq was invaded -- they were
about to price their oil in Euros, which the Iranians are currently
doing, much to their peril.
:::: If you succumb to the temptation of using violence in the
struggle, unborn generations will be the recipients of a long and
desolate night of bitterness, and your chief legacy to the future
will be an endless reign of meaningless chaos. - Martin Luther King Jr.
:::: Jan Steinman <http://www.Bytesmiths.com/Item/99-0590-18>
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