Friday, February 8, 2008

Peak food

Why the price of 'peak oil' is famine

Vulnerable regions of the world face the risk of famine over the next three years as rising energy costs spill over into a food crunch, according to US investment bank Goldman Sachs.

Posted by sold 2 rent 1 @ 10:16 AM (2855 views)
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4 thoughts on “Peak food

  • sold 2 rent 1 says:

    QUOTE
    “We’ve never been at a point in commodities where we are today,” said Jeff Currie, the bank’s commodity chief and closely watched oil guru.

    “Global oil output has been stagnant for four years, failing to keep up with rampant demand from Asia and the Mid-East. China’s imports rose 14pc last year. Biofuels from grain, oil seed and sugar are plugging the gap, but drawing away food supplies at a time when the world is adding more than 70m mouths to feed a year.”

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  • sold 2 rent 1 says:

    “The political environment is extremely hostile. The world is looking like the 17th century under mercantilism when countries saw economics as a zero-sum game. They exported as much as they could to get gold, and erected enormous barriers. China looks like that, so does Russia, the Mid-East and most of Africa and Latin America,” he said.

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  • sold 2 rent 1 says:

    Landedgentry,

    A very good video.
    Worrying. Peak oil. Peak food. Peak debt. Big changes ahead.

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