December 5, 2012
ON NOT SUBSIDIZING OIL:
With military's push, biofuels can grow (Andrew Holland, December 2, 2012, CS Monitor)
For strategic and budgetary reasons, the military has identified this dependence on oil - a single point of failure - as a threat to national security. The Air Force and (especially) the Navy have embarked on a program to address this threat. Put together, the potential market for Air Force and Navy biofuels is expected to be about 700 million gallons per year by 2020. For an industry that is only just beginning to commercially produce fuel now, that will require significant investment. But it also should give investors some certainty that there will be a buyer for these fuels, so long as they are available. Once capital is made available for commercial-scale plants, this sector can grow very quickly.
Posted by Orrin Judd at December 5, 2012 7:02 PM