An interesting article about Oil Production

[glatt]

Big article in the paper this week about the rising food prices and what's causing them. It's 5-6 factors creating a "perfect storm"

1. Trade restrictions on rice and grain in some Asian countries in an attempt to protect their own food supplies.
2. Increased demand in Asia. The wealthier the Chinese are becoming, the more grain they eat. And they are eating much more meat now, which requires around ten pounds of grain to grow one pound of meat.
3. Weather. There has been some bad weather in some parts of the world, temporarily disrupting some of the grain supply.
4. Biofuels. We are putting grains in the gas tank now more and more instead of in our stomachs.
5. Fuel prices are increasing the cost of raising and transporting food.