So the New Year has started with record highs in prices for oil and many agricultural commodities. Yes, indeed, choices will have to be made.
We are facing the confluence or rather conflict of four major trends:
1. Growing world population.
2. Rising prosperity in major emerging economies such as China and India.
3. Climate change disrupting agricultural supply patterns.
4. Governments disrupting market forces for fuel supply competitiveness.
One wish I have for 2008 is that biofuels should be developed on their own merit. Artificial subsidies will accentuate the overall problems and there are enough problems already.
1 comments:
The answer: follow the French lead in developing H2O as an alternative green fuel. Take the same mechanical principles and apply them to industry to create energy. The huge oil corporate moguls have had the limelight for far too long. Make them rethink and slacken their hold on consumers wallets. Excellent opportunity for the beverage industry to make a lateral move into energy. After all water is their market?
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