Posted on 10/26/2011 9:26:04 AM PDT by bananaman22
A recent study, released on 11 October, “Biofuel Markets and Technologies” released by Pike Research states that the global biofuel market will double within the next decade to $183.3 billion from its current level of $82.7 billion, with ethanol production accounting for $78 billion of future worldwide biofuel production, while predicting that biodiesel production will reach $25.5 billion. Perhaps not surprisingly, Pike Research predicts that the US will become the world’s leading biofuel producer, accounting for 71 percent of alternative fuel by 2021.
Colorado-based Pike Research on its website defines itself as “a market research and consulting firm that provides in-depth analysis of global clean technology markets.” How realistic a prediction is this? Many in the media are utilizing the company’s press release on the gist of the report, as one has to be a user to login even to find out the price of the report, which the website helpfully notes, contains 144 “Tables, Charts, Figures.”
So, is America about to go ever more green to raise ethanol?
Recent history would not seem to indicate so.
Biofuel production is now receiving substantial attention from the executive branch of the federal government. Shortly before his inauguration in January 2008 President-elect Obama promised to invest $150 billion over the next decade to develop biofuels, plug-in hybrid vehicles, renewable energy production and a skilled work force for clean technologies.
Obama has now made clean energy a centerpiece of his administration’s policy - during his State of the Union address on 25 January he said, “This is our generation's Sputnik moment.
Two years ago, I said that we needed to reach a level of research and development we haven’t seen since the height of the Space Race. And in a few weeks, I will be sending a budget to Congress that helps us meet that goal. We’ll invest in biomedical research, information technology, and especially clean energy technology - (applause) - an investment that will strengthen our security, protect our planet, and create countless new jobs for our people. Already, we’re seeing the promise of renewable energy.”
Agro-fuels first rose to national prominence in the U.S. in the aftermath of the second oil crisis in 1980. Seen as a renewable energy source, many policy makers in Washington supported increased production of biofuels as a substitute for imported oil. In the last few years, with increasing political instability in the Middle East, and Full article: U.S. Biofuel Production Increase - Fact or Wishful Thinking?
And beef will be $125 a pound and corn will be $5.00 an ear....if you can get it.
Look at this way. Obesity and its associated disease acceleration, in every category, is due to excess caloric intake (mostly from grain). Obesity is epidemic. This might just help the out-of-control pigging out of the american population.
“Green” fanatics are the biggest hypocrits on earth. I offered a “green” client of mine a business card and he said he’s “going green” so “no thanks”. Later, when I showed an interest in what he was selling he gave me HIS business card without hesitation. A%%hole.
Ain't subsidies grand?
So we’ll have 130 billion in sales of biofuel that will only cost us 100 billion in subsidies?
In the farcical spirit of cap and trade, that should allow us to exploit and use our abundant carbon energy resources.
So we’ll have 130 billion in sales of biofuel that will only cost us 100 billion in subsidies?
We are squandering precious food that can eliminate starvation and feed the world while we sit atop some of the most vast oil, coal, and natural gas resources on the planet, none which can be used as food. Biofuel has benefits when it is derived from waste products only. Otherwise, this is total B.S.
ALL subsidies for business should end, not just for farming. IBM just drew 10 million in subsidies and $1/year property taxes for 10 years in the small city near my farm for bringing in a data-center. This happens with every business over 50 employees, especially the union ones. Why target independent farmers and let all the rest skate free? ANS: Farmers are non-union and mostly vote conservative, therefore they are a major target of the left.
By the way, last time I checked, farmers are free to sell their products for whatever use they see fit just as anyone else does same.
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