Industry News

03.19.10

US AUTO INDUSTRY SUPPORTS NATIONAL GHG STANDARDS

The US auto industry warned lawmakers this week that overturning the EPA endange...

03.19.10

US CLIMATE LEGISLATION IS 'CRUCIAL' TO GLOBAL EFFORTS

Progress on US climate legislation this year is “crucial” to maintaining global ...

03.10.10

FIRST NEW ZEALAND BIODIESEL STATION OPENS

New Zealand's first biodiesel station has opened in Queenstown, and will supply ...

03.10.10

TERRA ENERGY TO ACQUIRE OIL TERMINAL FOR BIODIESEL PRODUCTION IN PA

Terra Energy Resources announced today the final negotiations for the acquisitio...

03.10.10

IMPERIUM RESTARTS BIODIESEL PRODUCTION

Imperium Renewables has restarted biodiesel production at its Grays Harbor plant...

03.10.10

US SENATE VOTES FOR AMENDMENT INCLUDING BIODIESEL TAX CREDIT

The US Senate has voted to invoke cloture on the Baucus Substitute amendment of ...

03.03.10

CANADA INVESTS $77 MIL IN GREENFIELD ETHANOL PLANT

Canada will invest nearly $77 million through its ecoENERGY for Biofuels program...

03.03.10

BIOX COMPLETES REVERSE TAKE-OVER TO GO PUBLIC

BIOX Corp. of Canada has completed a reverse take-over, enabling it to go public...

03.03.10

RANGE FUELS RECIEVES $80 MIL USDA LOAN GUARANTEE

USDA has announced that Colorado-based Range Fuels, with a planned biofuels plan...

03.03.10

SENATORS INTRODUCE BILL THAT INCLUDES BIODIESEL TAX CREDIT

March 1, Senate Majority Leader Harry Reid (D-Nev.) and Sen. Max Baucus (D-Mont....

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Goldman Sachs Forecasts $105 Bbl Oil in 2008

02.08.08

The commodities chief at Goldman Sachs warns that vulnerable regions of the world face the risk of famine over the next three years if rising energy costs spill over into a food crunch.

Goldman Sachs forecasts that oil will be priced at $105 a barrel by the end of 2008 and warns of a ‘crisis mode’ across the commodity complex in the next 18 to 36 months.

World oil production has been stagnant for four years, failing to keep up with increasing demand from Asia and the Mideast, and biofuels are helping to plug the gap, taking crops away from food production. Land use for biofuels has surged from 12 million ha to more than 80 million worldwide over six years, and while biofuel provides 3% of world energy needs now, this will rise to over 10% by 2030, Goldman says.



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