Posted By RichC on March 6, 2008
As crude oil hit $103.98 per barrel today, President Bush spoke at the 2008 Washington International Renewable Energy Conference. Although he stressed ethanol and pointed out that the federal government has invested more than $12 billion to research, develop and promotion of alternative energy, he did mention biodiesel in a positive light. (link)
Biodiesel is the most promising of these fuels. Biodiesel refineries can produce fuel from soybeans, and vegetable oils, and recycled cooking grease, from waste materials. All you out there with waste, you may be in business before you know it as this new technology kicks in. Most Americans — or, more Americans are beginning to realize the benefits of biodiesel every year. Last year, we produced 450 million gallons of biodiesel. That’s up 80 percent from 2006. Today there are more than 650 biodiesel fueling stations in America. There are hundreds of fleet operators that use biodiesel to fuel their trucks, and that’s just the beginning of what is going to be a substantial change in our driving habits.