You have to know, that when a MSM like CBS begins to see the light, that maybe, just maybe, there is a chance.
CBS has a blurb about a newly released report on biofuels. And, the picture is not as rosy as they tried to make us believe. Though, we as smart thinking people, and people who can reason and comprehend, knew this answer a decade or so ago when they started pushing the idea.
It seemed like a good idea at the time. Use corn and other crops, instead of oil, to make fuel. It's renewable and causes less climate change because a lot of the carbon produced in burning it is reabsorbed as the new crop grows.
Governments and industry loved the idea so much that the European Union decided fully 10 percent of fuel should be made this way in the future, reports CBS News correspondent Mark Phillips.
"[The] overall conclusion was that we really needed to slow down on biofuel production and use because all the new evidence shows there are some potentially harmful effects," said Professor Ed Gallagher, author of the Report on Biofuels.
A new European study shows that producing biofuels is helping drive up already skyrocketing food prices, some of which have effectively doubled in the past few years.
"We shouldn't be taking agricultural land and growing biofuels on it," said Nick Goodhall of the UK Renewable Fuels Agency. "In that sense, of course, if we are displacing food then that means it has got to come from somewhere else. So one can easily see why there might be an effect."
Another problem is that refining some crops, like corn, into fuel can produce more greenhouse gases than simply using gasoline in cars in the first place. As can cutting down rainforests to grow sugar cane, for example. It's what scientists call bad biofuel practice.
"Bad biofuels, as they are known, are exactly that," said Goodhall. "They don't help anything and, in fact, can make problems worse."
Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian.
The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body. The figure emphatically contradicts the US government's claims that plant-derived fuels contribute less than 3% to food-price rises.
It (the report) argues that production of biofuels has distorted food markets in three main ways. First, it has diverted grain away from food for fuel, with over a third of US corn now used to produce ethanol and about half of vegetable oils in the EU going towards the production of biodiesel. Second, farmers have been encouraged to set land aside for biofuel production. Third, it has sparked financial speculation in grains, driving prices up higher.