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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Snowshoe who wrote (52518)8/22/2004 12:04:25 AM
From: Seeker of Truth  Read Replies (2) of 74559
 
Unfortunately we can't just pump vegetable oils out of the ground, like oil. We have to grow them and use fertilizer inputs and harvest them, not so conveniently as oil. One advantage is that their combustion products are less toxic than those of ordinary diesel fuel. But we thus far we can't get even palm oil, the cheapest vegetable oil, at a price close to that of the black oil. I don't know the current numbers exactly. I think that while we don't have a product as cheap as oil, probably you are basically right in that we need to use vegetable oil as a replacement for petroleum. Someone once estimated that renewable sources, including vegetable oils, could well sustain a global population of the order of a billion. Maybe we have to study the oil palms and get strains through generations of selection, that have the highest productivity, for a given input of fertilizer and water.
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