Today in Biofuels Opinion: “Within the next 10 to 20 years, we will not only reach peak oil, we will enter a period where demand for all liquid fuels will exceed supply.”

Tom Buis, CEO of Growth Energy: “Today’s USDA forecast of a record corn crop once again confirms what America’s farmers and renewable fuel producers have known for a long time.  Continued innovation in ethanol production and agricultural technology means that we don’t have to make a false choice between food and fuel. The USDA production forecast is up 2 percent from the November 1 forecast and 1 percent above the previous record of 13.0 billion bushels set in 2007. The USDA report further indicates that U.S. grain yield is estimated to reach a record level for 2009, at 165.2 bushels per acre, up 2.3 bushels from the November forecast and 4.9 bushels above the previous record of 160.3 bushels per acre set in 2004.”

Toyota President Jim Lentz: “Within the next 10 to 20 years, we will not only reach peak oil, we will enter a period where demand for all liquid fuels will exceed supply. A century after the invention of the automobile, we must re-invent it with powertrains that significantly reduce or eliminate the use of conventional petroleum fuels.”

Today in Biofuels Opinion: “Within the next 10 to 20 years, we will not only reach peak oil, we will enter a period where demand for all liquid fuels will exceed supply.” is a post from: Biofuels Digest