Stunning report on BioFuels

It’s been leaked that this push for biofuels has caused food prices to go up as much as 75%, according to a story published in the Guardian:

Biofuels have forced global food prices up by 75% – far more than previously estimated – according to a confidential World Bank report obtained by the Guardian.

The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body.

The figure emphatically contradicts the US government’s claims that plant-derived fuels contribute less than 3% to food-price rises. It will add to pressure on governments in Washington and across Europe, which have turned to plant-derived fuels to reduce emissions of greenhouse gases and reduce their dependence on imported oil.

Between the dumb war in Iraq, further failed foreign policies, and this failed energy policy it’s no wonder “W” is the absolute worse President in history. This includes Nixon, Coolidge and Grant. I never thought I’d seen another Presidency tainted and fouled after Nixon, but I am ashamed to say it’s happened again.

At least Nixon was really good at foreign policy….

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