Friday, May 12, 2006

The economics of biofuels

The Wall Street Journal yesterday had an excellent article on the technological and economic prospects of biofuels. At today's oil prices, a number of biofuel technologies are competitive with oil.

The article suggests that biofuels could replace about 10 - 20% of US oil needs in the next couple of decades - a modest but still important contribution.

The article is subscirbers-only but luckily for us the Ecological Economics Blog has reprinted some of the really interesting bits.

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