• Biofuels are derived from agricultural commoditoies such as sugar and corn.
• Biofuels are one reason why food prices are heading for their biggest increase in 30 years (the other being increased consumption of meat in the developing world).
• Western countries have embarked on develoing biofuels as alternative engeru source combating climate change.
• OPEC challenges to reduce inevestments in production if they do not see security in demand. This price of oil could go through the roof.