• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • 'Security? Try Crisis!'

    The truth is out: Congress’ attempt at “energy security” helped cause a global food crisis. According to a confidential World Bank study, as reported by The Guardian, biofuels are the primary cause of the global food crisis, forcing up world food prices by 75%. This is a shocking difference from the usual 3% impact the U.S. government has been reporting. In America, the production of these biofuels was legislated by Congress, through subsidies and mandates requiring their production.

    The biofuel bonanza began with the rush to provide what Congress terms “energy security,” by way of biolfuels that would supposedly make us less dependent on foreign oil. By labeling high gas prices and the oil markets as an issue of “energy security,” they were able to push through legislation thathas nothing to do with securing our nation. As usual, government intervention did not take into account the far-reaching costs, while it did focus on misguided projections of possible benefits.

    The outcome? Despite increased production of biofuels, as an “energy alternative,” the price of gas at the pump has topped $4 per gallon, and the price of a barrel of oil has increased to $143. The production has not changed global climates, though it was intended to save the world from global warming. The real result is a shortage of grain for food, and food prices that have reached crisis levels. As David King, UK government’s former chief scientific adviser, is quoted in the Guardian article, “All we are doing by supporting these is subsidizing higher food prices, while doing nothing to tackle climate change.”

    Posted in Energy [slideshow_deploy]

    One Response to 'Security? Try Crisis!'

    1. Pingback: Food Price Truth Blog

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.

    ×