Biofuels distress oil companies

Skyrocketing oil prices have made the development of renewable and relatively clean alternative fuels an economic—and urgent—proposition. Even the world’s biggest oil-producing countries are now preparing for the day when their petroleum reserves run out.Take the case of Iran, which the United States and Europe are forcing to stop its nuclear energy program. The West suspects that the Islamic republic is actually trying to make nuclear weapons. Whether or not the Iranians are into building nukes, they have actually been looking into other energy sources for the past several years.
Manila Times