Browse > Home / Opinion / Today in Biofuels Opinion: “the RFS made sense when you passed it in December and prices were $90 a barrel. It makes more sense today with crude oil prices at $120 a barrel”

Today in Biofuels Opinion: “the RFS made sense when you passed it in December and prices were $90 a barrel. It makes more sense today with crude oil prices at $120 a barrel”

May 7, 2008

A spokesman for US President George W. Bush: “We think it is a good thing that countries are developing, that more and more people have higher and higher standards of living….as you increase your standard of living, the food that you eat can venture more into meats that require more commodities to feed the livestock…food prices rose 43% over the last year…of that portion about 1.5% of that is due to an increase in biofuel production.”

Renewable Fuels Association president Bob Dinneen: “Mr. Chairman, the RFS made sense when you passed it in December and prices were $90 a barrel. It makes more sense today with crude oil prices at $120 a barrel. Ethanol is the only tool we have today that can address the nation’s most serious economic issue – our dependence on imported oil and the rising price of gasoline and crude oil.”

Indian Finance Minister P. Chidambaram: [biofuels are] “the single biggest reason why we are facing this (food) crisis. To put it mildly, (converting food crops to biofuels) is foolish; to put it strongly, it is a crime against humanity.”

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    Written by Jim Lane · Filed Under Opinion 

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