Effect of BioFuels

I'm starting to feel a little bit like a prophet. Why you ask? Well let me tell you. Last year I distinctly remember having a conversation with several friends of mine about the inherent dangers of Congress' decision to increase the use the biofuels here in the United States. The one problem I mentioned was that as the demand for ethanol, soy diesel, and other biofuels increased that farmers would be less inclined to grow their crops for food consumption. If a farmer can fetch $4/bushel selling their corn to an ethanol manufacturer or get $1/bushel selling it to Costa Rica it doesn't take a genious to figure out what will happen. I postulated that you'll see people go hungry in 3rd World countries which will ultimately lead to riots and armed protests. I was laughed at last year, but it appears I will be having the last laugh. I found two articles that appear to be proving my predictions correct:

• New York Times - 4/15/07
• UK Telegraph - 4/15/07
• National Policy Analysis - December 2007