For several years in the United States, typically in summer, there would be complaints and concerns with the price of oil and its effects on the price of gasoline. It has all finally come to a head this year (2008) and it affects countries world wide, leading to food riots and protests in some places. Not only do we have to deal with high oil prices but there is also a food crisis caused by a push to use food (such as corn for ethanol) as a source of alternative fuel.
The debate and issues raised by climate change, global warming, greenhouse gas emissions, peak oil and geopolitical risks relating to energy dependence and the environmental risks associated with oil and gas exploration, drilling, refining a distribution, governments have begun supporting biodiesel production in a HUGE way.
- * US government has mandated a 20% reduction in the use of fossil fuels by 2015
- * US government currently subsidizes biodiesel production at $1 per gallon!
- * At this time only 2% of all diesel fuel produced is biodiesel and that production would need to multiply 10 times to replace the use of fossil fuel!
US government statistics
Biodiesel prices
A discussion on canadian tv program Urban Rush explaining about biodiesel and the state of the industry in Canada.
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