On Wed, 27 Feb 2008 12:12:47 -0800 (PST), James Arthur
wrote:

On Feb 27, 9:35 am, "Frithiof Andreas Jensen"
k wrote:
"Jim Thompson" skrev i en
...





http://www.marke****ch.com/news/stor...7B40D68525%2DB...

Feb. 26, 2008

.................................................. ................................................

As the broader market began to regain lost ground, crude prices for
April delivery gained 2.3% to a new high of $101.11 a barrel on the
New York Mercantile Exchange, surpassing crude's last record of
$100.65 hit last week.

...Jim Thompson

What people *should* be watching is the price of Wheat, Soy Beans e.t.c.
because that is where trouble will come from. In the middle east, India and
Pakistan people are going from being middle class to having to choose
between heating and eating! China has enacted price controls - *ensuring* a
shortage (maybe they will shoot some farmers to get the point across that it
is well to produce at a loss)

You can thank the biofuel craze for that. Planting for burning drives
up food from supply *and* demand sides, plus all the downstream
products--and in other countries--too.

Unintended consequences:

1. Al Gore sounds alarm
2. biofuel craze
3. farmers grow feedstock for cars instead of people

Results:
4. Human misery increased
a. inflation, locally
b. food becomes unaffordable in Mexico and Haiti
c. people starve

5. Environment not improved
a. replacement food grown, appallingly inefficiently
b. net CO2 emissions increase


Best wishes,
James Arthur


So they gave the Nobel Peace Prize to a mass murderer.

John