Commodity Corner

Views on commodities and energy

Sugar shortage spawns sweet jokes from late-night comedian

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By Christopher Doering 
    
The surge in sugar prices and potential risk of a shortage has provided some sweet fodder for one late-night comedian who can’t help but poke fun at the attention the tasty ingredient is receiving.
 
colbertStephen Colbert, who hosts the Colbert Report on Comedy Central, spent part of his show this week lamenting the sugar crisis. 
 
After showing a montage of television clips about the sugar situation, Colbert proceeded to break a glass cover — similar to one containing a fire extinguisher — and pulled out a bag of sugar, which he dosed all over himself.
 
“Oh my God, there’s a sugar shortage,” said Colbert. “How could this happen. Well, like interstate highways and potable water it’s the government’s fault.”
 
Large U.S. food companies, including Kraft Foods, General Mills Inc and Hershey Co, have been pushing the Obama administration to ease sugar import curbs, citing forecasts for unprecedented sugar shortages that could result in higher retail prices and possible job losses.
 
In a letter to U.S. Agriculture Secretary Tom Vilsack dated Aug. 5, the companies and other groups warned that “our nation will virtually run out of sugar,” if a USDA forecast is accurate.
 
“Can you imagine an America with no sugar?” said Colbert. “Juice would contain nothing but 10 percent juice and we’d all be eating uncaramelized apples. What are we going to do?”  The Colbert Report Mon – Thurs 11:30pm / 10:30c Sugar Shortage – Marion Nestle www.colbertnation.com Colbert Report Full Episodes Political Humor Health Care Protests

For more information on the sugar shortage, click here.

If only trade talks went this quick…

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KirkCall it the Congressional version of the lightning round.

Ron Kirk, the Obama administration’s choice for U.S. Trade Representative, had a rapid-fire confirmation hearing before the Senate Finance Committee on Monday that lasted no longer than 45 minutes.

“Exhilarating,” was how Kirk, a former Dallas mayor, described the quick experience, fittingly, in one word.

from Environment Forum:

From Suds to Sunshine in Brooklyn

A green contracting outfit based in a former Brooklyn brewery says it's the first business in a major U.S. city that can sell power back to the grid that it generates from the sun.

New York state gave Big Sue, LLC, which has about 3,500 square feet of solar panels on its roof, the OK to sell any extra power it generates from the panels back to the grid.

Obamamania missing in farm country

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obama1Many U.S. farmers don’t have confidence in President-elect Barack Obama, with many fearing the new administration will not be receptive to the needs of American farmers and ranchers.

A Reuters straw poll of more than 800 farmers at the American Farm Bureau Federation’s annual meeting in San Antonio found 72 percent of the respondents did not believe Obama would have the best interest of the farmer in mind.