Biofuels

Demand for Biofuels

Can our lifestyles and standard of living survive without oil? It just takes a recent look in history to the summer of 2008 or the price of oil in the wake of Hurricane Katrina to answer that question with an undeniable “no.” Nations worldwide are continually being held hostage to this non-renewable resource. The seesaw price fluctuations for a barrel of oil and record highs leave consumers and the global economy feeling the distressing ripple effects. And if that wasn’t enough, traditional oil production methods and usage unquestionably devastates the environment and our climate. All in all, conventional fuel sources are long past their peak. Our world is in need of a sustainable and clean energy source.

Further evidence to this statement is the fact that the Kyoto international treaty requires developed countries to cut greenhouse gas emissions by at least 5 percent in the period from 2008 to 2012. No doubt about it, the switch to cleaner energy will definitely ensure a demand for biofuel, as will the powerful voice of the consumer and the global market.