Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (127923)	7/4/2008 6:37:25 PM
From: d[-_-]b	Read Replies (1) \| Respond to of 173976

As if I need to - you simply refuse to listen to anything against your biased truth. Here's the fallout of stupid knee jerk, feel good GW policy: World Bank Study: Biofuel Demand Triggered 75 Percent Rise In Food Prices July 4, 2008 1:55 p.m. EST Vittorio Hernandez - AHN News Writer allheadlinenews.com Washington, D.C. (AHN) - A World Bank report said the high demand for biofuel caused the increase in food prices by up to 75 percent. The figure is higher than earlier estimates and debunked a claim by the U.S. government that the high demand for plants to be used as biofuel feedstock accounted for less than 3 percent increase of food prices. The story on the report came out in Guardian Unlimited and the U.K. Telegraph, but the World Bank study which has been completed in April, remains unpublished to avoid embarrassing President George Bush. A part of the report, quoted by the U.K. Telegraph, stated, "Without the increase in biofuels, global wheat and maize stocks would not have declined appreciably and price increases due to other factors would have been moderate." Britain's Gallagher Report is expected to be released soon. It measures the impact of biofuel production on food prices. Another World Bank report said soaring food prices has pushed 100 million people in different parts of the globe to live below the poverty line. Copyright © 2003 - 2008 AHN - All rights reserved.