Even Castro can be right every now and then
Posted by BrianOr, as they say, even a blind squirrel can find a nut every now and then.
From the BBC (back in March):
Cuban President Fidel Castro has strongly criticised [They're Brits, what do they know about spelling!?] the use of biofuels by the US, in his first article since undergoing surgery last year.
He said George W Bush’s support for the use of food crops in fuel production would cause 3bn deaths from hunger.
I don’t know about total deaths, but I’ve been saying for a while that subsidizing the biofuel market is causing food prices to rise and is going to cause people to go hungry. Trust me; it’s not often that Fidel and I are on the same side of an issue.
But it isn’t just me and Fidel who hold this view. The magazine The Economist as well as the U.N. (boy, I’m keeping some sordid company on this one) have suggested much the same.
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July 7th, 2007 at 7:00 pm
The main problem is the endless subsidizing of these biofuels as it would be hard for hte market to sustain the high prices if the government wasn’t making the production so profitable.
July 7th, 2007 at 9:13 pm
As John Stossel said, if biofuels are so great then why do they require so many subsidies to be viable?
July 7th, 2007 at 10:17 pm
I don’t necessarily think that they are not viable, but if it wasn’t for the subsidy craze it would take a while for them to be viable and if there was a substantial price increase it would be over the long term.