Food prices about to climb even more....got your garden planned?
It is not a panic report...gives the good and bad...
Global Food Reserves Falling as Drought Wilts Crops - Bloomberg
The American drought is spreading beyond agriculture into power and fuel production. U.S. nuclear plants’ output on July 27 was the lowest for the day since 2001 because water was too hot to be an effective coolant, government data show.
Parched conditions will spread into North Dakota and central Texas through October and last across the Midwest, the main growing region, the Camp Springs, Maryland-based Climate Prediction Center said Aug. 2.
More than 150 lawmakers urged President Barack Obama on Aug. 2 to cut the government mandate for ethanol production, saying high corn costs are hurting livestock producers, food makers and consumers. Ethanol makers including Poet LLC and Archer Daniels Midland Co. (ADM) back the mandate, as mounting industry losses curbed daily output by 15 percent since the end of December, Energy Department data show.
The lack of rain is also pressuring natural-gas drillers to conserve the millions of gallons of water used in hydraulic fracturing to free trapped gas and oil from underground rock. Environmentalists in Texas are lobbying lawmakers to pass water- conservation laws next year. In Pennsylvania, the Susquehanna River Basin Commission suspended water intake for companies including Talisman Energy Inc. and Chesapeake Energy Corp. (CHK) on July 16
It is not a panic report...gives the good and bad...
Global Food Reserves Falling as Drought Wilts Crops - Bloomberg
The American drought is spreading beyond agriculture into power and fuel production. U.S. nuclear plants’ output on July 27 was the lowest for the day since 2001 because water was too hot to be an effective coolant, government data show.
Parched conditions will spread into North Dakota and central Texas through October and last across the Midwest, the main growing region, the Camp Springs, Maryland-based Climate Prediction Center said Aug. 2.
More than 150 lawmakers urged President Barack Obama on Aug. 2 to cut the government mandate for ethanol production, saying high corn costs are hurting livestock producers, food makers and consumers. Ethanol makers including Poet LLC and Archer Daniels Midland Co. (ADM) back the mandate, as mounting industry losses curbed daily output by 15 percent since the end of December, Energy Department data show.
The lack of rain is also pressuring natural-gas drillers to conserve the millions of gallons of water used in hydraulic fracturing to free trapped gas and oil from underground rock. Environmentalists in Texas are lobbying lawmakers to pass water- conservation laws next year. In Pennsylvania, the Susquehanna River Basin Commission suspended water intake for companies including Talisman Energy Inc. and Chesapeake Energy Corp. (CHK) on July 16
