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Monday, May 20, 2013

High Oil Prices Help Oil Production, But Not Biofuels

High Oil Prices Help Oil Production, But Not Biofuels

 

An International Energy Agency report says investments in oil technology will lead to a worldwide supply boom.
High oil prices were supposed to make biofuels and other oil alternatives more competitive. If only oil would stay above $80 a barrel (or $70 or $60), biofuels companies often say, then they’d have a market. Their technology for turning weeds into alcohol or pond scum into crude oil could really take off.

http://www.technologyreview.com/view/514896/high-oil-prices-help-oil-production-but-not-biofuels/?utm_campaign=newsletters&utm_source=newsletter-weekly-energy&utm_medium=email&utm_content=20130520

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