Combination of High Oil Prices & High Food spell trouble for U.S. Economy

Soaring prices threaten new food crisis

By Gregory Meyer in New York and Javier Blas in London
Published: October 8 2010 18:32 | Last updated: October 8 2010 22:06

Fears of a global food crisis swept the world’s commodity markets as prices for staples such as corn, rice and wheat spiralled after the US government warned of “dramatically” lower supplies.
An especially hot summer in the US, droughts in countries including Russia and Brazil and heavy rain in Canada and Europe have hit many grain and oilseed crops this year. This has raising concern of a severe squeeze in food supplies and a repeat of the 2007-08 food crisis.

Full Article at: FT.com

With oil at over $80 per barrel and "dramatically lover supplies" warned by our government this can't be good for our economic recovery.  I would suggest we start drilling for oil pronto tonto!!