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Algae News: June '10 - Can 3rd Gen Biofuels ween us off petroleum,
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Can 3rd and 4th Gen Biofuels Wean Us from Our Petro-Addiction?
greentechmedia.com

With images of oil-drenched wildlife in the Gulf of Mexico fresh in our minds, we look at innovations in biofuels that might displace our petroleum habit...
...In the biofuels realm, 2006/2007 was the corn and food-based ethanol stage. That has not worked out too well for VC investors or corn-farmers who dabbled in ethanol factories. It has been a boon for bankruptcy lawyers, though. Corn or soybeans or food in general as a fuel feedstock plays into all sorts of issues such as fuel versus food, subsidy and tariff conflicts, the sheer commodity-nature of foodstuffs, and the vagaries of weather. According to Joshua Kagan of GTM Research, the U.S. already appropriates 30% of its corn supply to displace about 6% of its gasoline consumption. That's clearly not sustainable...

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