Thursday, April 7, 2011

Food Prices Stir Concern About Biofuels Mandates - NYTimes.com

To understand economic and social matters, remember: "Markets, Prices and Supply and Demand". Here is an example - rising demand for food as fuel raises prices and increases hunger among those who cannot pay. (Also known as the Free Market).

Food Prices Stir Concern About Biofuels Mandates - NYTimes.com

3 comments:

Henry Cabrera said...

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Henry Cabrera said...

The shift in demand will make developing countries establish a better strong hold. The only factor in the way is the influence of higher prices and tighter markets as mentioned in the article. It definitely a eye opener to know the various sources of Biofuels.

precious said...

I can understand the concern, when they say that a certain food is fuel and not food. That is an excuse to keep doing what they want. Like China say's it does not effect them. What do they care if other countries is straving and poor. When you have people who only cares about themselves then you need to find another way to use this Biofuel with out using crops that can feed people.

Precious Bracey