Gumby said:I don't know, so I am asking in ignorance, would farmers be able to produce soy beans cheap enough that bio diesel would still be under $2.00 a gallon after refining, transportation, resale, taxes etc.?
Perhaps that's why the Brazilian govt. stopped the sugarcane project. Too expensive to subsidize.
Bio fuel is not the future nor a replacement for dino fuel. It's just a pretty good sideline or waypoint at the moment. The long term future is more likely electric as it can be produced in so many ways in so many places. In my eyes, it has good potential to be produced in quantity more cheaply and better batteries are being invented these days. Just look at your Optima's and compare them to the old batteries.
The technology for bio fuel is old, at least WW2 vintage. In the Philippines, we used coconuts. Other countries used canola or whatever they had in their areas. The end product was alcohol or bio deisel, whichever was more immediatly needed and these died off when dino fuel came back simply because of cost. High production of bio fuel will not bring fuel prices down because it's not only expensive in itself, it also has to compete with food production for farmland.
It's a sideline that will serve only as long as it's a localized consumption. If the numbers of users grow, it will dissipate.
Kalawang