This writing is in response to Diana Furchtgott-Roth, Senior fellow at Hudson Institute and former chief economist at the US Department of Labour. Writing on http://www.american.com/, 22 April 2008, the new American magazine, she advocated the immediate ban on ethanol subsidies in the United States; and by implication attacking the wisdom of growing crops for Biofuels at this time of soaring food prices; that the present production of ethanol is not viable; and that production of ethanol produces "more harmful emissions of greenhouse gases than it prevents".
While one believes the Senior Fellow touched salient points on this matter, she however, it appears, failed to converge the economics of production of ethanol and the crucial need for technological advancement in relation to safeguarding renewable and sustainable fuel for the future. There has never been recorded, any new technology that starts with a "viability". It took more than 40 years from 1903 for Air travel to become economical ; more than 20 years before Henry Ford discovered mass production of the T-Model for profitability. If this were the case for early technologies, it would not be different for Biofuels. Biofuels production would become more and more cheaper as the technology advances to fit mass scale production and at the same time obey market forces for it to survive. Furthermore the transportation of ethanol petrol blends for distribution purposes would be possible with advanced funded research in relation to pipelines and fluids -- possibly near ambient gasification followed by cooling.
The Senior Fellow at Hudson Institute also insinuated the cause to ethanol production from crops: the sky high rocketing global food prices that have, unfortunately, sparked riots in developing countries like Haiti. While, it is right that food sufficiency must balance availability of fuel for any kind of human survival to materialise, there is little evidence that Biofuels production is responsible for this debacle. The most likely cause is the relentless upward rise in crude oil prices that today stand at about $119 per barrel. Fossil fuel is the main fuel for farm and plant machinery for the food industry. It follows that the high fuel cost will be passed onto the consumer. For oil prices to stabilise, supply for fuel has to outstrip demand which means we must produce alternative fuel.
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