Industry News 
02.19.08
African Coalition Calls for Biofuel "Time Out"
A coalition of scientists and NGOs across Africa have called for a moratorium on...
02.19.08
World Bank Urges Caution On Biofuel Policies
The World Bank has cautioned national governments to carefully assess economic, ...
02.15.08
Boeing Predicts Biofuel Use in Airplanes
Boeing Company’s head of Environmental Performance Strategy said his company hop...
02.14.08
US EPA Raises Renewable Fuels Standard
The U.S. Environmental Protection Agency is raising the 2008 renewable fuels sta...
02.13.08
Report Finds $8.5 Billion in Biofuels Investment
More than 2000 ethanol and biodiesel plants exist worldwide (65% ethanol; 35% bi...
02.12.08
Malaysia Reviewing Mandatory Biodiesel Policy
Malaysia is reviewing its plans for mandatory biodiesel use after prices of palm...
02.12.08
US Railroad to Produce Its Own Biodiesel
In Washington State, Tri-City and Olympia Railroad has established a subsidiary,...
02.11.08
President Bush Opposes US Farm Bill
US President Bush said he would veto the 2008 farm bill if the current version i...
02.08.08
Biodiesel Energy Return Revised Upward
A new joint industry-government study on soy-based biodiesel revises the energy ...
02.08.08
Goldman Sachs Forecasts $105 Bbl Oil in 2008
The commodities chief at Goldman Sachs warns that vulnerable regions of the worl...
Aramco Sees Oil For Decades To Come
11.14.07
The president of Saudi Aramco said there are enough conventional and non-conventional liquid energy resources available for petroleum to be a significant part of the global energy mix for decades to come.
"We have grossly underestimated mankind's ability to find new reserves of petroleum, as well as our capacity to raise recovery rates and tap fields once thought inaccessible to produce," he said, adding that non-conventional resources of liquid energy such as condensates, natural gas liquids, bitumen, coal-to-liquids and biofuels will also contribute to the global supply.
Taking into account both conventional and non-conventional resources, he said there are 13-16 trillion barrels of in-place liquids available worldwide. "To put those figures in perspective,” he concluded, “we have consumed only 1.1 trillion barrels of oil, or 7 to 9% of resources in places.”
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