Hey You-Human, All Blaming Yourself!

Here is Krugman stuck into another food story; weather, result of YOU! You-human made green house gas is the major disruption of environment, so food price is highjack by environment, origin of disasters are you-human made, so hey you-human, all blaming yourself! Because of bad weather; bad harvest, unable to just-in-time delivery so on…

“While several factors have contributed to soaring food prices, what really stands out is the extent to which severe weather events have disrupted agricultural production. And these severe weather events are exactly the kind of thing we’d expect to see as rising concentrations of greenhouse gases change our climate—“

This one from  his blog

"...But food is a physical commodity, and plays in the financial markets can only move the price to the extent that they affect physical flows and stocks."

Goes with his nice simple exotic model of the market for a physical commodity

Stocking up food at storages and waiting for  the price  goes up but also another cost consider; e.g.  land, utility and labour cost so on, there is life -span  how long food able to be  keep inside storage, even grain also, it would be short period time,   remember most of food is “JIT” delivery is important,  is not same as cotton or metal.  

Here is another things to read


Here and Here relations of CO2, from Barry Brook also interesting article with beautiful pictures goes with clean energy – wastage nuclear --- guarantee 1000 years of clean energy supply for us!

YSK-W