Biofuels: Seldom is so much spent to achieve so little
Comments
08/01/2008 - posted by Gil V. Henry
None of this reflects the work that has been done with algae. Algae is not a food product and shouldn’t raise the cost of food to process it. Algae is a renewable resource that can be grown in bio-reactors that will drive down the cost of oil. In case you haven’t heard you can make high grade vegetable oil from algae lipids that may be refined into jet fuel, deisel, or even gasoline. It won’t drive up the cost of food and can be done cheaply with an unending supply of high grade fuel. The article doesn’t reflect algae as a legitimate base for biofuel. Do your homework.
Late in 2007, we here at the Economic Snapshot revisited the topic of biofuels and reviewed a brief analysis by the Organisation for Economic Cooperation and Development (OECD), which questioned whether the cost of producing biofuels outweighed the benefits.