The Folly of Biofuels Is Only Made More Obvious When Crude Oil Prices Are Low

From a 50,000-foot viewpoint, biofuels are essentially a waste of time and effort, a point that is only exaggerated when the price of crude oil is abnormally low (as it happens to be today). In 2014, Chevron abandoned its attempts to focus some of its traditional plants onto alternative fuels for profitable, large-scale production. Chevron Chairman and CEO John Watson reported, (more…)









