The global food system has become largely dependent on a finite supply of oil. Rates of crude extraction are projected to decline in the immediate future, accompanied by a rise in oil prices. Judging from recent oil price hikes, higher food prices are likely to follow closely behind. As a result, populations afflicted by hunger may face a particularly sobering transition to a food system divorced, at least in part, from what has become an almost inextricable bond with oil.
In every potential crisis lies opportunity. In our efforts to prepare for a post-peak oil food system, what measures can be taken to uplift and protect the world’s most vulnerable? Among several other key recommendations, expanding the capacity of local and regional food systems may build resiliency against rising food prices, more expensive agricultural inputs and other shocks related to oil scarcity. By providing greater economic opportunities to the most affected populations, building support around local farmers in developing regions may also help to alleviate hunger. Read More >