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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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US/Brazil Biofuel Plans May Destroy Livelihoods, Promote Food Shortages
Hydrocarbon AlternativesEthanol represents a viable alternative energy solution. However, ActionAid urges governments to take into account that the production of such biofuels has thus far resulted in the concentration of land, resources and income into the hands of the few, the destruction of endangered rainforests, contamination of soil, air and water, and the expulsion of rural populations from their homes.

"We're talking about unfair trade-offs. Increasing ethanol production through land grabs, reducing the amount of farmland for food crops, and harming the environment will only serve to increase misery," said Celso Marcatto, Food Rights Coordinator at ActionAid Brazil.

"This headlong rush into biofuel production seems not so different from the push to conclude WTO and other trade pacts no matter what the social or environmental costs," said Karen Hansen-Kuhn, food rights director at ActionAid USA.

"The US government should be thinking through a careful approach to biofuels based on diversified production of a mix of crops, including native grasses. The promotion of local ownership and processing facilities, as well as sustainable agricultural practices, is similarly crucial," Hansen-Kuhn added

"The benefits of biofuels cannot be achieved at the expenses of increased food shortages, environmental degradation, and poverty. It seems that social and environmental consequences of sugar cane production are not being taken as seriously as they should. This is quite worrisome," conclude Marcatto.

AlertNet

Posted on Saturday, March 31 @ 06:12:03 PDT by waegari
 
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