Archive for June, 2008

$200 Oil – reprint of article in China Daily

Tuesday, June 17th, 2008

By Gioietta Kuo (China Daily)
Updated: 2008-06-10 08:08

 

As the price of oil exceeds $135 a barrel, Goldman Sachs, the New York investment bank, predicts that the oil price will reach $200 a barrel in the next year.

Mamdouh Salameh, advisor to the World Bank and UN Industrial Development Organization, said that if not for the Iraq War, the oil price would be $40 a barrel today. It is the United States’ and Britain’s invasion that led to the current oil crisis.

Iraq apart, although speculation must play a part, there are two fundamental reasons why the world is in a severe oil crisis.

First, there are many signs that oil is (more…)

Promoting Research Informed Policies: Options for Overcoming Hunger and Food Price Crisis in Africa

Friday, June 6th, 2008

Low food production capacity in developing countries, particularly in Africa is one of the major contributing factor for hunger and food price crisis. Above all, inadequate research informed policies for agricultural growth deepen the hunger and food price crisis. There is policy gap to support biofood technology in African countries that not only reduces capacity to produce adequate food but also has contributed to the current food price crisis. While 800 million people are food insecure (Andersen and Cohen), many African governments do not have biotechnology policies or have resisted the adoption of biotechnology for food production. Overcoming hunger and food price crisis in Africa requires multiple actions including dedicated policy direction for biotechnology and assistance programs for small farmers.

There is an overriding contention that (more…)