If water were a globally traded commodity, with unmet demand in China and India reflected in its price, the world might shed its new found craze for biofuels. It is bad enough that some of us need ethanol distilled in Scotland to lubricate our evenings.rnGrowing corn to make ethanol to run sport-utility vehicles is downright silly; nowhere more so than in China and India.rnAs many as 400 Chinese cities are facing water shortages; farmers in the most populous nation are forgoing millions of tons of grain production every year.
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