Photo courtesy of musicpb at Flickr.com.
Recently, many commodity prices have gone through the roof. You don’t have to look any further than the gas station to see the effects of $110 for a barrel of oil. A visit to the grocery store will quickly reveal that prices are also jumping for corn and wheat, as well as chicken, pork, and beef. The high price of transporting food (as well as the secondary effects of corn being diverted for ethanol production) is directly tied to high oil costs, and these rising food costs are creating serious problems for the working poor.
Photo courtesy of Leesure at Flickr.com.
Even if you’re a model of self reliance and walk everywhere while growing your own food without chemical fertilizer, try this on for size – increased worldwide demand is causing a coal shortage. Since about 50% of the US electric grid relies on coal power plants, this means that rising coal costs are likely to cause rising electric bills (and/or increasing outages). That will affect the cost of green power purchased on the open market too – which makes solar panels look a lot more attractive (more marginal benefit from power savings and higher resale prices on grid tie-ins). Always look on the bright side!
Photo courtesy of lifebegreen at Flickr.com.