Using crops to produce fuel is “criminal” as the world suffers a food shortage, Venezuela’s oil minister said in Rome where energy ministers from around the globe are meeting to discuss investment plans.
“Look at the effect it has, the craziness,” Rafael Ramirez told reporters today in the Italian capital, where he is attending the three-day International Energy Forum. “All countries, and particularly in Latin America, have problems with food stuffs. It is such a bad idea to use foodstuffs for fuel, it is criminal.”
The U.S. and Europe have been encouraging the development of fuels made from crops such as corn and soybeans to limit their dependence on oil imports as prices reach a record. Biofuels are also being promoted as a renewal energy source to limit climate change.
Global food stocks are at their lowest since the 1980s, according to the United Nations’ Food and Agriculture Organization as food lines form in the Philippines and soaring rice prices cause riots in Haiti and Egypt. Biofuels are partly to blame for rising food prices because they displace crops that might otherwise be used to feed people or animals, oil industry officials said.
“Biofuels illustrates that in politics nothing is that easy,” U.K. Energy Minister Malcolm Wicks said in a Bloomberg Television interview at the energy forum in Rome today.
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