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Friday, November 07, 2008

Ethanol facing return of 1980s bust, with oil price drop? Lovins, Dineen weigh in on alt energy outlook : Biofuels Digest

Ethanol facing return of 1980s bust, with oil price drop? Lovins, Dineen weigh in on alt energy outlook : Biofuels Digest: "The Christian Science Monitor ran an article considering whether biofuels will experience a bust as oil prices drop, and compared market conditions to the ethanol bust of the mid-1980s. The article profiles ethanol pioneers who saw oil prices plunge from $53 a barrel to $28 just as ethanol technologies were becoming economically viable. The article profiles the role of the credit crisis, and quotes positive comments on the new robustness of renewable energy business models from Amory Lovins, executive director of the Rocky Mountain Institute, and Bob Dineen of the Renewable Fuels Association."

Helge: The price of raw materials and oil has been going up and down. It's difficult to predict where we are in six months from today?
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