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The Law of Unintended Consequences...

Hits Again. Whoops.

US secretary concedes biofuels may spur food price rises

Setting aside farmland to produce biofuels like ethanol may be partly to blame for driving up world food prices, US Secretary of State Condoleezza Rice said Monday.

"There has been apparently some effect, unintended consequence from the alternative fuels effort," Rice told a meeting in Washington when asked for the US government's view on skyrocketing food prices.

Cellulosic ethanol, anyone? Doesn't use food grain - just whatever cellulose you've got left around...

But we've focused on corn. And you know how fast the government admits it made a mistake, and how long it takes to correct it once the mistake is made...

J.

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This page contains a single entry from the blog posted on April 29, 2008 12:06 AM.

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