{"id":2654,"date":"2009-08-27T13:49:13","date_gmt":"2009-08-27T17:49:13","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=2654"},"modified":"2009-08-27T13:49:13","modified_gmt":"2009-08-27T17:49:13","slug":"wsj-u-s-biofuel-boom-running-on-empty","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2009\/08\/27\/wsj-u-s-biofuel-boom-running-on-empty\/","title":{"rendered":"WSJ: U.S. Biofuel Boom Running on Empty"},"content":{"rendered":"

There’s must read article on the biofuels industry in today’s Wall Street Journal… The full article is subscriber content but here’s the extract<\/a>:<\/p>\n

The biofuels revolution that promised to reduce America’s dependence on foreign oil is fizzling out.<\/p>\n

Two-thirds of U.S. biodiesel production capacity now sits unused, reports the National Biodiesel Board. Biodiesel, a crucial part of government efforts to develop alternative fuels for trucks and factories, has been hit hard by the recession and falling oil prices.<\/p>\n

The global credit crisis, a glut of capacity, lower oil prices and delayed government rules changes on fuel mixes are threatening the viability of two of the three main biofuel sectors — biodiesel and next-generation fuels derived from feedstocks other than food. Ethanol, the largest biofuel sector, is also in financial trouble, although longstanding government support will likely protect it.<\/p><\/blockquote>\n

That the biofuels industry is struggling shouldn’t come as a surprise to anyone. Biofuels like biodiesel and Ehtanol may one day prove to be viable alternative sources but we’re not there yet. Whether we like it or not the world runs on fossil fuels and will continue to do so for foreseeable future… No amount of wishful thinking or government subsidies is going to change that.<\/p>\n

We have significant oil, natural gas and coal reserves in this country, not exploiting them strikes me as supremely\u00a0 foolish.<\/p>\n","protected":false},"excerpt":{"rendered":"

There’s must read article on the biofuels industry in today’s Wall Street Journal… The full article is subscriber content but here’s the extract: The biofuels revolution that promised to reduce America’s dependence on foreign oil is fizzling out. Two-thirds of U.S. biodiesel production capacity now sits unused, reports the National Biodiesel Board. Biodiesel, a crucial […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[285,7],"tags":[814,816,1376,815],"class_list":{"0":"post-2654","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-energy","7":"category-politics","8":"tag-biodiesel","9":"tag-biofuels","10":"tag-energy","11":"tag-ethanol","12":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-GO","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":171,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/08\/04\/back-to-the-70s\/","url_meta":{"origin":2654,"position":0},"title":"Back to the 70’s","author":"Jeff","date":"August 4, 2008","format":false,"excerpt":"Everything old is new again or here we go again... Back to the 70's. Every time I listen to democrats in talk about energy policy I feel I've been transported back to the 1970's. Admittedly some of of their suggestions like making sure your tires are properly inflated or getting\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3855,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/07\/white-house-hey-let%e2%80%99s-tap-into-the-strategic-petroleum-reserve\/","url_meta":{"origin":2654,"position":1},"title":"White House: Hey, Let\u2019s Tap Into the Strategic Petroleum Reserve","author":"Jeff","date":"March 7, 2011","format":false,"excerpt":"President Obama\u2019s Chief of Staff Bill Daley floated what might turn out one top ten stupidest ideas of 2011 during an appearance on Meet the Press yesterday... suggesting the Obama Administration may tap into the strategic petroleum reserve as way to help ease soaring oil prices: White House Chief of\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/05\/29\/congress-to-blame-for-high-oil-prices\/","url_meta":{"origin":2654,"position":2},"title":"Congress To Blame For High Oil Prices?","author":"Jeff","date":"May 29, 2008","format":false,"excerpt":"That's what Mackubin Thomas Owens says in an OpEd piece in today's Wall Street Journal. Gasoline prices are through the roof and Americans are angry. Someone must be to blame and the obvious villain is \"Big Oil\" with its alleged ability to gouge consumers and achieve unconscionable, \"windfall\" profits. Congress\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/05\/06\/gas-prices-and-politics\/","url_meta":{"origin":2654,"position":3},"title":"Gas Prices and Politics","author":"Jeff","date":"May 6, 2008","format":false,"excerpt":"The only thing worse than a trip to the gas pump these days is listening to John McCain, Hillary Clinton and Barack Obama talk about energy policy. John McCain and Hillary Clinton both say they'll bring us relief at the pump with a temporary moratorium on the 18.4 cent per\u2026","rel":"","context":"In "Money & Investing"","block_context":{"text":"Money & Investing","link":"https:\/\/www.jasetaro.com\/blog\/category\/money-and-investing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3955,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/16\/ouch-food-prices-soar\/","url_meta":{"origin":2654,"position":4},"title":"Ouch: Food Prices Soar","author":"Jeff","date":"March 16, 2011","format":false,"excerpt":"The Federal Reserve has been on a media campaign to sell its monetary policy to main street, but as the Wall Street Journal noted yesterday it hasn't gone smoothly. Frankly, I have to wonder how the Fed will spin this mornings\u00a0 news about the surge in wholesale prices, which were\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2824,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/10\/07\/sarah-palin-dollars-troubles-show-need-for-energy-independence\/","url_meta":{"origin":2654,"position":5},"title":"Sarah Palin: Dollar’s Troubles Show Need for Energy Independence","author":"Jeff","date":"October 7, 2009","format":false,"excerpt":"Two days ago the British newspaper The Independent published a rather dubious report by Robert Fisk claiming that\u00a0 oil-producing Arab states along with China, Russia, Japan and France were conspiring on a plan to dump the dollar for oil trading, a move which would seriously weaken our currency and influence\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=2654"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2654\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=2654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=2654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=2654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}