Thursday, January 10, 2013

Ignoring the coffee glut, warmists at New Scientist attempt to sell us on a CO2-induced coffee shortage

The jolt we need to take on climate change - opinion - 10 January 2013 - New Scientist
How ironic, then, that the world's second favourite liquid after oil is under threat from climate change caused by industrial pollution.
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That seems a long way off, but the effects may already be upon us: coffee yields are at a 35-year low. And the direct effects of climate are being exacerbated by the spread of pests that thrive in warmer conditions.
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But coffee still has the potential to send a powerful message to the world about the reality of what we are doing to the climate. If you wanted to find a commodity whose escalating scarcity and price would cause maximum discomfort to complacent westerners, coffee is about as good as it gets.
Oct 2012:  Investors Beware: The Coffee Glut is Coming
Next year’s coffee crop is promising to be bountiful, sending commodity future contracts lower.
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South American Supply Glut
Peru’s coffee yield for next year’s beans is expected to rise by 20 percent.
Dec 2012: Record Brazil coffee crop adds to global glut of arabica beans - The Denver Post
Record coffee harvests in Brazil, the biggest grower, are compounding a global glut of arabica used by Starbucks and Dunkin' Donuts.

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