Today's WSJ (April 14, 2008) front cover detailed an interesting problem regarding agriculture and renewable energy. Biodiesel production is heavily reliant upon agriculture infrastructure and production. Food prices have risen as much as 83% in the past three years and many people are struggling to put food on the tables. Leaders of organizations such as the World Bank (Robert Zoelick) are trying to put these problems in perspective. Leaders of countries like Haiti are downright pissed that we devote resources to making renewable energy if it leads to increases in food prices. At some point it becomes a tradeoff between the lesser of two evils: starvation and fossil fuels. I would appreciate any thoughts regarding this conundrum.
Bob
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