So amid the chaos of market upheaval due to declining demand, spurred on by the new “less is more” mantra of increasing consumption efficiencies, at least one industry guy is pointing where fuels in general are headed, in my opinion. Fuels, like the rapidly changing vehicles we all drive, need to be better in every respect, not just price, but sourced from feedstock diversity, cleaner, produce local area benefits, and ultimately be more profitable to local business.
Refiners raked in big profits from 2003 to 2006, but “by 2007, it was largely over,” said Tom Kloza, chief oil analyst for the Oil Price Information Service, an energy information firm in Wall, N.J.
“Now, along with very weak demand numbers for gasoline, everything points to biofuels getting a larger and larger share in the future.”