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.
The Obama administration announced plans today to begin developing tougher fuel economy and greenhouse gas emissions standards for U.S. passenger cars and trucks built after 2017, a key component of the administration's energy and climate policy goals.
One of the more crucial components of the climate bill in front of the Senate is the regulated production and usage of biofuels.
These two features represent big business and carry important leverage from farm-states for the climate bill to pass. But the question still remains: are current laws doing enough to address legitimate concerns involving biofuel production?