Raw Fossil Energy

Economics: If we convert to biofuels would that cause a price increase on some grains and a food shortage?

...for those who cannot afford the higher prices? I figure the farmers would start producing more grains for the biofuels industry and choose to sell that grain for a higher (biofuels) price, rather than sell it as food. Thoughts?

Public Comments

1. I have said this for a long time! I agree it might cause a food shortage, BUT consider that with the new interest in the products produced my farmers that it would also revitalize the industry. meaning more people would dedicate more land, more time, more jobs, etc to producing those products. Done right I think that it could be done, perhaps if only a certain amount of the products were used for bio fuel than it could be feasible.
2. Sugar and corn prices have more than doubles pushing up prices across the board!!! The corn required to fill just one tank with bio fuel would feed a man for a whole year!!! Worse research now shows that the carbon footprint for this fuel when taken from sowing to use is actually larger than conventional fuels and that whilst when being used it produces less CO2 it produces far More Nitrous Oxide which is far worse!!! The European Union which set legislation to make use of this fuel compulsory have now said they are urgently reviewing it with the aim of withdrawing it!!!