Not just oil forcing up fuel prices - poor harvests will help it shoot up
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Not just oil forcing up fuel prices - poor harvests will help it shoot up         


Author: Fod
Date: Jun 12, 2008 02:10

http://news.bbc.co.uk/1/hi/business/7447582.stm

"Corn prices have hit new highs after the US Department of Agriculture
forecast that output would fall because of poor weather."

Its unfortunate that the US turned to biofuels just as the word gets
hit by record bad harvests.

So now we've increased demand on a supply thats much lower than
normal.

I wonder how the biofuels getting more expensive will factor into UK
fuel costs. IIRC we're using cereals as well.

Hopefully these price rises will help spur the development of the next
generations of biofuels that show better promise. Necessity is the
mother of invention after all.

Fod
3 Comments
Re: Not just oil forcing up fuel prices - poor harvests will help it shoot up         


Author: Doug
Date: Jun 12, 2008 02:16

On 12 Jun, 10:10, Fod googlemail.com> wrote:
> http://news.bbc.co.uk/1/hi/business/7447582.stm
>
> "Corn prices have hit new highs after the US Department of Agriculture
> forecast that output would fall because of poor weather."
>
> Its unfortunate that the US turned to biofuels just as the word gets
> hit by record bad harvests.
>
> So now we've increased demand on a supply thats much lower than
> normal.
>
> I wonder how the biofuels getting more expensive will factor into UK
> fuel costs. IIRC we're using cereals as well.
>
> Hopefully these price rises will help spur the development of the next
> generations of biofuels that show better promise. Necessity is the
> mother of invention after all.
>
Hopefully it will stop the compulsory inclusion of harmful biofuels in ...
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Re: Not just oil forcing up fuel prices - poor harvests will help it shoot up         


Author: Adrian
Date: Jun 12, 2008 02:20

Doug riseup.net> gurgled happily, sounding much like they were
saying:
> Hopefully it will stop the compulsory inclusion of harmful biofuels in
> petrol and will allow motorists a choice instead.

Let's hope so. I'd be quite happy using a higher bio-ethanol mix than
merely 2.5-5%%.

Still, at least in another couple of years, 5%% will become the standard
rather than just the upper limit.
no comments
Re: Not just oil forcing up fuel prices - poor harvests will help it shoot up         


Author: Fod
Date: Jun 12, 2008 04:32

On Jun 12, 10:16 am, Doug riseup.net> wrote:
> On 12 Jun, 10:10, Fod googlemail.com> wrote:
>
>
>> "Corn prices have hit new highs after the US Department of Agriculture
>> forecast that output would fall because of poor weather."
>
>> Its unfortunate that the US turned to biofuels just as the word gets
>> hit by record bad harvests.
>
>> So now we've increased demand on a supply thats much lower than
>> normal.
>
>> I wonder how the biofuels getting more expensive will factor into UK
>> fuel costs. IIRC we're using cereals as well.
>
>> Hopefully these price rises will help spur the development of the next
>> generations of biofuels that show better promise. Necessity is the
>> mother of invention after all. ...
Show full article (1.39Kb)
no comments