Commodity Trading System Biography
Food commodity price increases and bio-fuel efficiencies: the Jevon’s Paradox
Posted on February 4, 2011 by Diane Osgood
Food prices are hitting worldwide record levels, according to a U.N. report released on Thursday. Causes? Weather, higher demand, smaller yields and crops diverted to biofuels.
Blaming biofuels on price hikes might seem counter intuitive. After all, biofuels are more efficient that ever, and they are supposed to be using excess grain and sugar production (remember those stories of corn mountains?). However, the paradox – which in economic jargon is called the “Jevons Paradox” - is that as technological progress increases efficiency with which a resource is used, the rate of consumption of that resource tends to increase (rather than decrease).
Commodity Trading System Biography
Food commodity price increases and bio-fuel efficiencies: the Jevon’s Paradox
Posted on February 4, 2011 by Diane Osgood
Food prices are hitting worldwide record levels, according to a U.N. report released on Thursday. Causes? Weather, higher demand, smaller yields and crops diverted to biofuels.
Blaming biofuels on price hikes might seem counter intuitive. After all, biofuels are more efficient that ever, and they are supposed to be using excess grain and sugar production (remember those stories of corn mountains?). However, the paradox – which in economic jargon is called the “Jevons Paradox” - is that as technological progress increases efficiency with which a resource is used, the rate of consumption of that resource tends to increase (rather than decrease).
Commodity Trading System Biography
Commodity Trading System
Commodity Trading System
Commodity Trading System
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Commodity Trading System
Commodity Trading System
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Commodity Trading System
Commodity Trading System
Commodity Trading System
Commodity Trading System
Commodity Trading System
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Commodity Trading System
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Commodity Trading System
Commodity Trading System
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