I love stories like this:
Biodiesel plants growWilson is one of the few places in the country with a biodiesel plant already in production and another under construction. And both have plans for future expansion.
Evans Environmental Energies on Industrial Park Drive is one of 148 biodiesel plants in the nation and seven in the state.
Because it means one step closer to being energy independent. Bio’s can’t do it alone, but with coal-to-diesel and hybrid technology, I’m hoping we can tell the mid-east,”to go pound sand.”
The only problem I can see is that when no one is buying oil, the price will drop so much that all of these alternatives will again be more expensive as we are only concerned with what’s the cheapest way to get things done. We will begin importing ‘cheap’ oil, restarting a vicious cycle that we so desperately need to break.
[quote]The only problem I can see is that when no one is buying oil, the price will drop so much that all of these alternatives will again be more expensive as we are only concerned with what’s the cheapest way to get things done.[/quote]
That won’t happen. As the supplies of diesel from alternative sources increases it will put downward pressure on the price of oil until an equilibrium is reached.
What would have to happen for oil prices to drop dramatically is either a sudden big jump in supply or a sudden big drop in demand, and neither is likely.
That would be work in a perfect world. But with people like the Saudi’s and others seeing their money faucet turned off, they can manipulate the oil price to put any other competitor out of business, then jack it back up again.