I'd like to watch that sometime.
I've spent a few years in corn ethanol (biofuels) on the design, construction and operation side. We were invited to a private briefing by ORNL on cap-and-trade, biofuels, carbon offset programs etc. etc. last week. Here were the big points:
1) Energy production and agriculture are inextricably linked via carbon.
2) At first it seems like feedstocks for biofuels are the major issue (along with the fertilizers and fossil fuels necessary for their production), but that's not the big problem.
3) The big problem on a global scale is repurposed land and redirected agricultural efforts.
Long story short, it creates an inevitable path where agricultural processes and products are rolled-into the cap-and-trade energy system.
I'm about to go to bed tonight, but I'll post an email exchange from the Associate Laboratory Director at a National Laboratory (DOE Facility) tomorrow. It's really sobering to realize at least the Europeans will be linking their energy and food sectors together at some point.