The Big Three of the 21st Century--Food, Energy and Water

Here at the beginning of the 21st century, the challenges are clear: the growing population is stressing the Earth's resources to the breaking point. The "big three" are Food, Energy and Water--whose initials ominously spell FEW. Looming shortages make human misery more likely as time passes without finding solutions. Will the 21st Century be known as the Century of Scarcity? Or will we find new technical, political and economic approaches to free humanity from want and discontent?

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Tuesday, December 11, 2012

Food prices spike--again

Alan Bjerga examined, in his excellent book "Endless Appetites," the behavior of markets during the food price spikes of 2007-8 and 2010.

Well, as expected, it's happening again . US droughts and excessive UK rainfall have damaged grain crops in both nations.

In our October 20 blog entry, we gave a link to a BBC story centered on the US drought. The price rises are essentially inevitable in the near term.

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