Midnight Mike
2008-03-22, 11:23 AM
For a New Yorker, this is a fate, worse than death, EXPENSIVE PIZZA, ahhhh! :D :lol: :wink: :mrgreen:
Congratulations global warming alarmist, hope your happy, never a good idea to use food as a fuel source.
http://money.cnn.com/2008/03/19/smbusin ... 2008031912 (http://money.cnn.com/2008/03/19/smbusiness/Chernoff_pizza/index.htm?postversion=2008031912)
Rising wheat prices are pushing up costs for baked goods, and foods from muffins to pizza are getting more expensive.
Why? You can lay part of the blame on ethanol. Huge demand for ethanol has farmers planting more corn to produce the fuel when they could be growing wheat.
"Ethanol was competing against wheat for acres in 2007," said Joe Victor, grain analyst with Allendale Inc.
Poor growing conditions last year also affected the global wheat crop, from a winter freeze in the U.S. to droughts in Australia and France.
And, the dollar sinking to a record low makes U.S. wheat relatively cheap for foreigners.
"Fifty-nine-percent of everything we raised in 2007 is leaving the U.S.," said Victor. "That's 9-10% greater than normal." As a result, Victor said, U.S. wheat supplies are at their lowest level since the end of World War II, another factor pushing prices skyward.
Congratulations global warming alarmist, hope your happy, never a good idea to use food as a fuel source.
http://money.cnn.com/2008/03/19/smbusin ... 2008031912 (http://money.cnn.com/2008/03/19/smbusiness/Chernoff_pizza/index.htm?postversion=2008031912)
Rising wheat prices are pushing up costs for baked goods, and foods from muffins to pizza are getting more expensive.
Why? You can lay part of the blame on ethanol. Huge demand for ethanol has farmers planting more corn to produce the fuel when they could be growing wheat.
"Ethanol was competing against wheat for acres in 2007," said Joe Victor, grain analyst with Allendale Inc.
Poor growing conditions last year also affected the global wheat crop, from a winter freeze in the U.S. to droughts in Australia and France.
And, the dollar sinking to a record low makes U.S. wheat relatively cheap for foreigners.
"Fifty-nine-percent of everything we raised in 2007 is leaving the U.S.," said Victor. "That's 9-10% greater than normal." As a result, Victor said, U.S. wheat supplies are at their lowest level since the end of World War II, another factor pushing prices skyward.