January 4th, 2008

Food is going critical

» Posted in Financial collapse at 4:54 pm
No Gravatar
The article suggests that we should forget oil because food will be the world’s number one problem. However, it is oil that is driving up food prices. Farmers are using land to grow products to produce ethanol. This is not going to solve any energy problem but what it will do is make food prices skyrocket.
clipped from www.financialpost.com
A new crisis is emerging, a global food catastrophe that will reach further and
be more crippling than anything the world has ever seen. The credit crunch and
the reverberations of soaring oil prices around the world will pale in
comparison to what is about to transpire, Donald Coxe, global portfolio
strategist at BMO Financial Group said at the Empire Club’s 14th annual
investment outlook in Toronto on Thursday.
Share and Enjoy:
  • Digg
  • Technorati
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Fark
  • Slashdot
  • E-mail this story to a friend!
  • Facebook
  • Google
  • YahooMyWeb
Tags:
POST SUMMARY
Date posted: Friday, January 4th, 2008 4:54 pm | Under category: Financial collapse
RSS 2.0 | Comment | Trackback

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.