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..A must read for for every US voter and concerned citizen.. challenges the reader to explore new possibilities and new mindsets that will ultimately be required if the world is truly ready to make a change.. amazon.com US onlyBUSINESS
AUGUST 27, 2009
U.S. Biofuel Boom Running on Empty
Wall St. Journal
By ANN DAVIS and RUSSELL GOLD
The biofuels revolution that promised to reduce America's dependence on foreign oil is fizzling out.
Two-thirds of U.S. biodiesel production capacity now sits unused, reports the National Biodiesel Board. Biodiesel, a crucial part of government efforts to develop alternative fuels for trucks and factories, has been hit hard by the recession and falling oil prices.
The global credit crisis, a glut of capacity, lower oil prices and delayed government rules changes on fuel mixes are threatening the viability of two of the three main biofuel sectors -- biodiesel and next-generation fuels derived from feedstocks other than food.
Ethanol, the largest biofuel sector, is also in financial trouble, although longstanding government support will likely protect it.
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Biofuels are a wide range of fuels which are in some way derived from biomass.
Your idea?