In 2004, the United States used an average of 20 million barrels of oil per day, which is one-fourth of the 80 million barrels pumped per day worldwide. The worldwide pumping capacity is near the predicted peak with an anticipated decline in peak capacity within the next decade or several decades. Today, the U.S. imports … Read More

Fuel and food production are mutually exclusive Although the development of biodiesel as an alternative energy source has been favored by the industry, there are few examples of commercial production. This comes mainly from the cost of vegetable oil. Vegetable oil procurement, transportation, storage and extraction account for most of the cost of biodiesel production. … Read More