Tuesday, September 11, 2012

Science: Food prices are pushed up by Biofuels

To complement my earlier post, here is the plot derived from a model that deduces world food prices from the behaviour of speculators and, most importantly, from the amount of corn ethanol produced in the US, the major corn exporter and biofuel producer.

The two papers presenting the original research results may be consulted here (the model), and here (additional verification of the model) - you can download the respective PDF files free of charge. The plot was taken from the second paper.

The plot shows model results (two different versions of the model; in green and red), compared to the actual evolution of the food price index, in blue. Note an excellent agreement between the real-world data and the model predictions. The dashed blue line shows the food price evolution if we remove the contribution of the speculators/investors to the price evolution - the equilibrium model. The action of speculators produces food price peaks. Such peaks have appeared in 2008 and 2011, with a new peak predicted for 2013-2014. 

Therefore, now we have conclusive evidence that green fuel production is in fact driving the food prices up, causing additional deaths from starvation in poor nations, or the green genocide. Note that the number of deaths by starvation is directly proportional to the food price index. Green fuels are immoral and criminal.

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