Going Green

Friday, January 4, 2008

Blessings and Curses of Oil Prices

This one speaks for itself.

High oil a blessing and a curse for farmers

By Karl Plume

CHICAGO (Reuters) - Sky-high crude oil prices are both a blessing and a curse for U.S. farmers, who have seen a sharp jump in their energy-based input costs but also higher revenues from crops used for renewable fuel production.

U.S. crude oil futures rallied to a record high above $100 a barrel on Thursday, helping to send Chicago Board of Trade corn and soybean prices higher because of their increasing use for making alternative fuels.

"Prior to the ethanol and biodiesel build-out it could only be a negative for them through higher input costs. But today...(complete article here).

2 comments:

E. R. Dunhill said...

PHP,
I brought up some weeks ago the idea of a collaborative blog. If you're still interested in such an effort, I've put together a workspace to begin throwing around ideas.
What's your preferred email address, so that I can issue the invitation into the workspace blog? If you prefer not to post it here, I can come up with an alternative.

Thanks,
ERD

Panhandle Poet said...

ERD: e-mail me at panhandlepoet@hotmail.com and I will give you the address that I would like for you to use.