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Rush's Morning Update: Blood for Oil March 26, 2008

Rush's Morning Update: Blood for Oil
March 26, 2008

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In Egypt, a bread shortage led to riots;at least two people dead. In other lands-- from South America to Africa, next door to us in Mexico, in the Caribbean-- rising food costs are hitting the poorest of the poor.

Parents are making hard choices --between educating their children or feeding them. Sadly, in some cases, they can't feed them. And the hunger is real-- not like the overblown campaign slogans thatDemocrats here use to expand federal entitlements. American consumers are complaining loudlybecause our food prices are up 4 percent. But worldwide, since 2006, the cost of food has increased by an estimated 23 percent. Grain pricesare up 42 percent; oils are up 50 percent. Dairy products: 80 percent worldwide.Economistssay thatitmight be a decade before food prices stabilize.

Now, listen, folks. Look at me. You've heard me say many times: Oil is the fuel that drives the engine of freedom. Oil fuels America's economy-- and the world's. Two factors are driving world food prices higher. One is the price of oil, which impacts food distribution, and liberals ensure high prices by thwarting exploration, drilling, and refinery-building. The second factor is the stupid move toward biofuels in response to the global warming hoax. On both fronts, pandering to environmentalist wackoshas unleashed economic forces that are crippling the world food economy.

In poor nations, "blood for oil" is being spilled-- and more will be spilled-- all for the sake of wacko-based liberalism.

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