Peak oil fears drive search for alternatives at the pump

In fact, companies and investors like BP, Shell, DaimlerChrysler, Dupont, Archer Daniels Midland, Cargill, Richard Branson, Bill Gates, Vinod Khosla and the global investment firm Goldman Sachs are plowing significant amounts into biofuels.

BP chief executive Lord John Browne expects demand ‘to rise significantly through the next decade’ in answer to consumer desires for less pollution and cheaper prices, and government demands for more energy self-sufficiency.

Since 1997, oil prices have quadrupled, yet many oil companies have barely increased production, according to the global energy activist organization, Association for the Study of Peak Oil.

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