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By 2017, how much of US transport fuel will be biofuel?

Background: Here's one opinion:
Once held up as the future of alternative energy, and our key to independence from fossil fuels, it is remarkable to see just how much (and fast) the tide has turned against biofuels. Rightly blamed for everything from rising food and commodity prices to water degradation and soil erosion, biofuels have seen their cachet plummet in recent months -- even among some of their most ardent boosters -- and are now widely considered to be little more than a boondoggle for farmers. The leaking of an internal World Bank report claiming that biofuels have driven up food prices by a whopping 75% certainly didn't help.

Of course, it was always foolish to think that so-called first generation biofuels like corn ethanol would do much to alleviate our energy woes. Even now, flex-fuel vehicles only account for an infinitesimal proportion of the American car market -- at most a few million out of more than 130 million registered vehicles. And there are still so few gas stations that dispense E85 fuel (85% ethanol, 15% gas) that most drivers are forced to fill up with regular gasoline.


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Once held up as the future of alternative energy, and our key to independence from fossil fuels, it is remarkable to see just how much (and fast) the tide has turned against biofuels. Rightly blamed for everything from rising food and commodity prices to water degradation and soil erosion, biofuels have seen their cachet plummet in recent months -- even among some of their most ardent boosters -- and are now widely considered to be little more than a boondoggle for farmers. The leaking of an internal World Bank report claiming that biofuels have driven up food prices by a whopping 75% certainly didn't help.

Of course, it was always foolish to think that so-called first generation biofuels like corn ethanol would do much to alleviate our energy woes. Even now, flex-fuel vehicles only account for an infinitesimal proportion of the American car market -- at most a few million out of more than 130 million registered vehicles. And there are still so few gas stations that dispense E85 fuel (85% ethanol, 15% gas) that most drivers are forced to fill up with regular gasoline.


Share Print View Comments Like this story? Get Alerts of big news events. Enter your email address

Once held up as the future of alternative energy, and our key to independence from fossil fuels, it is remarkable to see just how much (and fast) the tide has turned against biofuels. Rightly blamed for everything from rising food and commodity prices to water degradation and soil erosion, biofuels have seen their cachet plummet in recent months -- even among some of their most ardent boosters -- and are now widely considered to be little more than a boondoggle for farmers. The leaking of an internal World Bank report claiming that biofuels have driven up food prices by a whopping 75% certainly didn't help.

Of course, it was always foolish to think that so-called first generation biofuels like corn ethanol would do much to alleviate our energy woes. Even now, flex-fuel vehicles only account for an infinitesimal proportion of the American car market -- at most a few million out of more than 130 million registered vehicles. And there are still so few gas stations that dispense E85 fuel (85% ethanol, 15% gas) that most drivers are forced to fill up with regular gasoline.

Read full story here.

Settlement details:As reported by the New York Times, Reuters or Times

 
Forecast history %
Less than 10%
95%
10-20%
4%
More than 20%
2%
Question suspends in 6 years

Suspend date: Sun 1st Jan 2017 11:59pm PST (6 years to go)

Initial likelihoods: Less than 10%: 40%, 10-20%: 40%, More than 20%: 20%

Action history:

Created Fri 11th Jan 2008 9:34am PST by tisha[Admin]
Edited Tue 26th Feb 2008 2:33pm PST by lesley[Admin]
Edited Thu 6th Mar 2008 1:36pm PST by tisha[Admin]
Changed Description Tue 11th Nov 2008 8:45pm PST by tisha[Admin]: show details
... Here's one opinion: <br/> Once held up as the future of alternative energy, and our key to independence from fossil fuels, it is remarkable to see just how much (and fast) the tide has turned against biofuels. Rightly blamed for everything from rising food and commodity prices to water degradation and soil erosion, biofuels have seen their cachet plummet in recent months -- even among some of their most ardent boosters -- and are now widely considered to be little more than a boondoggle for farmers. The leaking of an internal World Bank report claiming that biofuels have driven up food prices by a whopping 75% certainly didn't help. <br/> <br/> Of course, it was always foolish to think that so-called first generation biofuels like corn ethanol would do much to alleviate our energy woes. Even now, flex-fuel vehicles only account for an infinitesimal proportion of the American car market -- at most a few million out of more than 130 million registered vehicles. And there are still so few gas stations that dispense E85 fuel (85% ethanol, 15% gas) that most drivers are forced to fill up with regular gasoline. <br/> <br/> <br/> Share Print View Comments Like this story? Get Alerts of big news events. Enter your email address <br/> <br/> Once held up as the future of alternative energy, and our key to independence from fossil fuels, it is remarkable to see just how much (and fast) the tide has turned against biofuels. Rightly blamed for everything from rising food and commodity prices to water degradation and soil erosion, biofuels have seen their cachet plummet in recent months -- even among some of their most ardent boosters -- and are now widely considered to be little more than a boondoggle for farmers. The leaking of an internal World Bank report claiming that biofuels have driven up food prices by a whopping 75% certainly didn't help. <br/> <br/> Of course, it was always foolish to think that so-called first generation biofuels like corn ethanol would do much to alleviate our energy woes. Even now, flex-fuel vehicles only account for an infinitesimal proportion of the American car market -- at most a few million out of more than 130 million registered vehicles. And there are still so few gas stations that dispense E85 fuel (85% ethanol, 15% gas) that most drivers are forced to fill up with regular gasoline. <br/> <br/> <br/> Share Print View Comments Like this story? Get Alerts of big news events. Enter your email address <br/> <br/> Once held up as the future of alternative energy, and our key to independence from fossil fuels, it is remarkable to see just how much (and fast) the tide has turned against biofuels. Rightly blamed for everything from rising food and commodity prices to water degradation and soil erosion, biofuels have seen their cachet plummet in recent months -- even among some of their most ardent boosters -- and are now widely considered to be little more than a boondoggle for farmers. The leaking of an internal World Bank report claiming that biofuels have driven up food prices by a whopping 75% certainly didn't help. <br/> <br/> Of course, it was always foolish to think that so-called first generation biofuels like corn ethanol would do much to alleviate our energy woes. Even now, flex-fuel vehicles only account for an infinitesimal proportion of the American car market -- at most a few million out of more than 130 million registered vehicles. And there are still so few gas stations that dispense E85 fuel (85% ethanol, 15% gas) that most drivers are forced to fill up with regular gasoline. <br/> <br/> Read full story <a href='http://www.huffingtonpost.com/jeremy-jacquot/end-of-the-line-for-biofu_b_111152.html'>here</a>.

Suspend date: Sun 1st Jan 2017 11:59pm PST (6 years to go) details

 

Predictions (24)

11 weeks ago
sailfurther predicted 10-20% (H$10 at 4%)
1 year ago
xihr predicted Less than 10% (H$50 at 62%)
1 year ago
kitchenlinker predicted Less than 10% (H$100 at 61%)
1 year ago
fish predicted 10-20% (H$20 at 28%)
1 year ago
vannan predicted 10-20% (H$50 at 26%)

Comments (3)

  1 rohan
Why would anyone want to tie up their h$ for nearly 10 years?
posted 2 years ago
  2 vankev63
dont be silly it is ONLY 9 years LOL
posted 1 year ago
It looks like politics and greedy big government might get in the way:

Man Gets $1,000 Fine for Putting Biodiesel Bumper Sticker on His Vehicle
http://www.liveleak.com/view?i=d08_1181765099
posted 1 year ago

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