The Biofuel Economy
(Or, a Cobordism of Carbon.)
Here’s my understanding of this (with the energy cost dip greatly exaggerated).
Oops! It takes a village (down) to raise an (American) child.
Anyone want to make one of these with real numbers?
I dont think the oil price will decrease at all. It will simply be a decrease of the increase of oil prices.
Biofuel would only decrease the price of oil if vast quantities were produced, which would only be done if the cost was less or equal to the cost of oil.
But nice graph!
I think producing biofuel is simply a crime because it takes away the food from the people that need it, and give it to us rich folks so we can burn it.
We need a fuel source that does not compete with our food supply. with the population growing at the rate it is we are going to need all the food we can grow.
Thanks for making us think.
