Monday, August 06, 2012
Drought, Gasoline and World
The drought affecting the U.S. also affects the world. The U.S. exports corn, soybeans and wheat, and it exports more than other countries. Isobel Coleman, of The Atlantic, notes that “high food prices are devastating for importing countries that are already deeply food insecure [and] they can also be economically destabilizing for lower- and middle-income countries with big populations that import large amounts of food.” She continues to urge reconsideration of the law that “channels some 40 percent of U.S. corn into gasoline and away from food each year.” She is not alone. Read the source of the above quoted sentences.