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…)