Global Biofuel Output To Soar In Next Decade: Report

 

Global production of biofuels is forecast to rise rapidly in the next decade, helped by high government blending targets, the OECD and the UN’s FAO food agency said in a report published on Thursday. Increased blending mandates should stimulate demand and boost international trade in the initial years of the (2008-2017) outlook," the report said.

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  • F'n stupid!! Biofuels aren't the answer. It's going to bankrupt nations. Oil is about 127 a barrel now because of speculation not supply. Even Opec said that oil should be about $60 a barrel. US Senators grilling the oil execs was a sham and an embarrassment. The senators were the ones who should be getting grilled by the American people. Why are they preventing us from drilling our own oil, why are they preventing the oil companies from building more refineries and how much money are environmental groups giving you. Just as the oil execs were getting scolded for making profits our government was turning down a bill to drill in a frozen desert in Alaska.
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  • Would be interested to know how you are coming to the conclusion that Bio-Fuels is going to Bankrupt nations? Not saying that Bio is the answer, but seems like its a knee-jerk comment. Agree with you that the Senate should have been grilled that would have been more interesting! Also, Brazil seems to be doing ok with there Bio initiative. Would like to see less money going to OPEC and staying here (US) whether it go to the Farmers or the Drillers. But to set the record have been using Bio Made in Alabama in all my Diesel Vehicles (6.2L, 6.5L, & TDI) for over 2 years.
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  • WaikanoWould be interested to know how you are coming to the conclusion that Bio-Fuels is going to Bankrupt nations? Not saying that Bio is the answer, but seems like its a knee-jerk comment. Agree with you that the Senate should have been grilled that would have been more interesting! Also, Brazil seems to be doing ok with there Bio initiative. Would like to see less money going to OPEC and staying here (US) whether it go to the Farmers or the Drillers. But to set the record have been using Bio Made in Alabama in all my Diesel Vehicles (6.2L, 6.5L, & TDI) for over 2 years.


    Perhaps "It's going to bankrupt nations" was a little dramatic but if you were a farmer why would you grow anything but corn. Already were seeing the price of feed for cattle any wheat products rise dramatically and not all because of the price of diesel and that is accounting for only 2% of our corn going to biofuel. So that effects pretty much our entire food supply. It will hurt economies, not bankrupt them, but will hurt them. It's just not worth it. Biofuels, I see as a "knee-jerk" reaction to a problem that doesn't exist. We should explore alternative fuels but in the mean time lets drill our own oil and tell the third world psychos to stick their oil up their ass.
    As far as Brazil goes. They have roughly half of our population (in 2000 it was 169 million) the US has 143,781,202 CARS! Even if we gave all of the corn grown in the US to biofuel it would account for only 10% of our needs.
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