Health and Healthcare

A Black Eye For Biofuels

All those "green" people out there may want to take into consideration the fact that biofuels are unlikely to have a significant affect on the need for oil, and government subsidies for biofuel projects are jacking up the price of food. That would tend to add to inflation and make it harder for developed countries to feed the poor in other parts of the world.

The FT writes that a report from the Organisation for Economic Co-operation and Development states "support for alternative energy sources will lead to surging food prices and the potential destruction of natural habitats." So much for the "green" aspects of biofuels. Imagine a world where forests are cut down to product corn.

The report also indicates that "biofuels would cut energy-related emissions by 3 per cent at most."

The oil industry did not write the new report, but they must be reading it with glee.

Douglas A. McIntyre

Essential Tips for Investing (Sponsored)

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.