Judging from the carbon emitted from eating food in the US, food represents about 5% of the carbon usage. It’s a higher percentage in developing countries, but the power uses of carbon are very valuable and inelastic. By figuring out how to turn food into fuel and doing so for the most expensive fuel at $4.00/gallon, we drive up the price of food to $6 per bushel as a bushel of corn can produce 2.8 gallons of ethanol and $1.42 in ethanol subsidies which has the energy content of 2 gallons of gasoline of which 2/3 of the cost is the petroleum.
So people living on $1/day can only afford 9 pounds of corn if they can find it wholesale in such small lots. 1 pound is 2400 calories. I guess the high corn price is exposing poor financing, competition, distribution and economic incentives in countries with food riots, rather than simply first world corn consumption subsidies.
Lee Cary is concerned. I’m not, mostly because I don’t think that Obama has a chance in hell of winning, but also because I don’t believe that Ares/Orion is “the way forward,” so it’s hard for me to be very upset about either a delay, or cancellation.
Lee Cary is concerned. I’m not, mostly because I don’t think that Obama has a chance in hell of winning, but also because I don’t believe that Ares/Orion is “the way forward,” so it’s hard for me to be very upset about either a delay, or cancellation.
Lee Cary is concerned. I’m not, mostly because I don’t think that Obama has a chance in hell of winning, but also because I don’t believe that Ares/Orion is “the way forward,” so it’s hard for me to be very upset about either a delay, or cancellation.
Virginia Postrel writes about the economic ignorance of the global warm-mongers, a group that unfortunately includes all three presidential candidates. I just hope that Phil Gramm or someone can get McCain to come to his senses on the issue once he’s actually in office.
The connection between higher prices for energy and reduced carbon dioxide emissions may not have hit the national consciousness yet, but the LAT’s Margo Roosevelt reports that California utilities–and eventually their customers–are beginning to realize this isn’t just a symbolic issue.
…The DWP, to whom I pay my electric bills, wants out of the carbon dioxide caps. It apparently thinks the law shouldn’t apply to socialist enterprises.
Isn’t that always the way? The laws are for “the little people.”