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Biofuel Backfire
By Mr Ethanol | October 26, 2007
It seems like only yesterday that “biofuels” was all the rage: not only has President Bush relentlessly touted increased ethanol use, but so has House Speaker Nancy Pelosi.
The idea of increasing use of crops for fuel seemed to have it all — the outward virtues of reducing foreign oil use and helping the climate — and the political reality of letting both parties duke it out for the farm vote.
Not only that, but a successful biofuels mandate worked in Europe.
Or did it?
With Congress still wrestling behind closed doors over energy legislation, people are starting to take a closer look at the issue. And what they’re seeing isn’t pretty.
Senator Kay Bailey Hutchison, R-Texas, has stalled formal Senate and House negotiations on energy in part out of concern than more ethanol use could further drive up animal feed prices.
She’s far from the only one concerned. The Washington-based International Food Policy Research Institute predicts that more use of biofuels could drive food prices 20-40 percent higher between now and 2020.
“Fuel made from food is a dumb idea, to put it succinctly,” observed Ronald Steenblik, research director at the International Institute for Sustainable Development’s Global Subsidies Initiative (GSI) in Geneva, Switzerland, who has studied Europe’s experience with biofuels.
Topics: Biofuel, Brazil, News |
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