As many of you know most of the gasoline available in North America today has a biofuel component of between 5 and 10 percent. Newer cars and trucks are E85 compatible, meaning they can operate with up to 85 percent ethanol blended into the gasoline -- which means there is a total growth opportunity of up to 75 percent in the North American biofuel market.
Boeing Co. (BA) recently signed an US$89 million contract with the United States Defense Advanced Research Projects Agency (DARPA) to develop and fly a high-altitude unmanned aircraft (UAV) for the Vulture II demonstration program. The solar-powered aircraft, SolarEagle, is a full-scale demonstrator designed to stay continuously aloft for five years at high altitudes.
Jet fuel is responsible for upwards of 40 percent of an airline’s operational costs, making this industry particularly sensitive to volatility in the oil market.