Telegraph: Why the price of ‘peak oil’ is famine

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

Full article Summary: The current commodity cycle is unique because energy and food have “converged” in price – they are now interchangeable due to biofuels Without government subsidies, sugar cane would be the only economically viable biofuel (@ $35/barrel equivalent) Land devoted to biofuels projected to continue its climb

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By JULIE JARGON February 15, 2008; Page A1 ALBION, Neb. — The U.S. economy may be teetering on the brink of recession. But there’s a bountiful harvest down on the farm. Grain prices are surging to historic levels. Spring wheat, a variety often used in bread, hit a record $18.53 per bushel yesterday. Corn is […]

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About Author


Hi, I’m Brett Owens – and I’m a financial junkie. My “problem” started incollege, when I got a little dose of the stock market – man, was I hooked…in no time, I was reading the Wall Street Journal religously.

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