Food is going critical

On January 4, 2008 · 0 Comments
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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.
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