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 "Peak oil" is morphing into "peak food"

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RR Phantom

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"Peak oil" is morphing into "peak food" Vide
PostSubject: "Peak oil" is morphing into "peak food"   "Peak oil" is morphing into "peak food" Icon_minitimeFri Feb 08, 2008 9:53 pm
VULNERABLE regions of the world face the risk of famine over the next three years as rising energy costs spill over into a food crunch, the US investment bank Goldman Sachs says.

"We've never been at a point in commodities where we are today," said Jeff Currie, the bank's commodity chief and oil guru.

Global oil output has been stagnant for four years, failing to keep up with rampant demand from Asia and the Middle East. China's oil imports rose 14 per cent last year. Biofuels from grain, oil seed and sugar are plugging the gap, but drawing away food supplies at a time when the world is adding more than 70 million mouths to feed a year.

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