Economics Still Rule Fuels

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Key Takeaways:

  • Biofuel replacements are technically possible.
  • Economically, biofuels struggle to compete with traditional oil.
  • Shell Oil's John Hofmeister believes their economic viability is challenged by the continued abundance of existing oil resources.
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Technically, biofuel replacements are possible, but do they make economic sense? Shell Oil’s John Hofmeister told AVweb‘s Paul Bertorelli that there’s still a lot of oil out there and it’s hard for biofuels to compete.

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