Biofuel Grassoline – Gasoline From Grass
Gioietta Kuo
Augusr 8 2009
Senior Fellow, American Center for International Policy Studies amcips.org
It present 25% of world energy is consumed by transport using mostly oil. As oil is on the wane, new echnologies are appearing both in the kind of motor car we drive and the fuel we use.
It is true to say that most technologies are market driven, which in turn is determined by demand. However, there are pitfalls in rushing headlong into production with a certain technology without some cool headed long term analysis of the viability and basic contradictions that might exist in the route taken by the market. For example the market may change or new technology may become available, so that the production just initiated becomes short lived with the result that the capital put into production cannot be recovered.
A good example of just this phenomenon is (more…)


