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Page added on August 16, 2011
U.S. to Invest Up to $510 Million in Biofuels for Planes, Ships
The Obama administration will spend as much as $510 million in the next three years to build or overhaul biofuel plants and refineries.
The U.S. departments of Agriculture, Energy and Navy will invest with private companies that will have to at least match the U.S. contributions, according to a statement today.
“America’s long-term national security depends upon a commercially viable domestic biofuels market that will benefit taxpayers,” Navy Secretary Ray Mabus said in the statement.
President Barack Obama is seeking a one-third cut in U.S. oil imports by 2025 to reduce dependence on Middle East supplies after the turmoil in Libya sent oil prices to the highest level in more than two years in February. Obama called for incentives to boost production of oil, natural gas and biofuels, tougher fuel-efficiency standards for vehicles and greater reliance on cleaner sources of energy on March 30.
The three agencies are targeting companies that will develop aviation and marine biofuels for military and commercial transportation, according to the statement.
2 Comments on "U.S. to Invest Up to $510 Million in Biofuels for Planes, Ships"
BillT on Wed, 17th Aug 2011 3:17 am
What a pile of BS! Our oil imports will be cut by more than 1/3 by 2025. They will be almost no existent. The exporting countries will not be exporting any oil long before then. Saudi Arabia is using 8% more of its oil each year. Using the rule of 72, that means that in 9 years, they will be exporting only 36% of production and in 9 more years 18% if any. And they are the largest exporters out side of Russia. Americans who think they can keep their huge military and their existing life style for much longer are delusional.
DC on Wed, 17th Aug 2011 6:37 am
If amerikan agricultral is 100% run on fossil fuels, and it takes almost 1 unit of fossil fuel inputs to create, at best maybe 1.1-1.5? units of ‘new’ energy, AND actual fossil fuels are harder to obtain and or more expensive, then how do bio-fools end up a winning proposition?
The math just doesnt add up. Indust-ag is brutally in-efficent at produceing actual food, how can anyone expect it to be efficent at producing energy?! The only way I can see bio-fools working is if mechanized indust-ag is largely replaced with manual labor, and the # of actual vehicles tanks jets w/e the amerikans hope to run them on, is vastly smaller than what they use now. This of course means, suburbia, wall-mart and all the other crap bio-fools are supposed to allow to continue functioning, simply wont, which is the implied purpose of bio-fools all along.
Right?