Back in March! According to checkbiotech.org, Ethanol is actually affecting crude sales. In an article called, “Ethanol set to bite into crude sales” by Tamsin Carlisl, he writes about the fact that there is
“an eight-fold increase in US ethanol consumption since 2000.”
This affects the monopoly of oil and their prices will probably not go up, due to this up and coming new market of energy. This is a first in a long time and is exciting to watch.
There are some that worry about the world food supply diminishing, due to usage of corn, soybean, and sugar cane for fuel. And there are others that are excited about a supplementary resource to curve our appetite for oil. Either way, it can’t be denied that bio-fuels are here to stay.
Here in the United States, the Midwest sells more biodiesel than anywhere else in the country because of the large quantity of soybean farms in the area. In fact, Minnesota has a law that states all diesel must be blended with biodiesel to be sold in the state.
What this means to trucking, is huge! Even Willie Nelson is getting involved. He has a biodiesel he calls BioWillie. And BioWillie is only one brand of biofuel. According to the article “Willie Nelson brings biofuel to the red states”, there are hundreds of biodiesel companies out there. Bio Willie is sold at 22 truck stops and is created out of soybean.
It will be interesting to watch this next couple of years, don’t you think?
http://bioenergy.checkbiotech.org/news/ethanol_set_bite_crude_sales
http://www.timesonline.co.uk/tol/news/environment/article3500954.ece
http://www.truckdriversnews.com/willie-nelson-brings-biofuel-to-the-red-states/