Coase Colored Glasses

Thursday, February 10, 2005

MINNESOTA'S BIODIESEL

The state of Minnesota has enacted a new law that will require all diesel fuel sold in the state, beginning this summer, to contain at least 2% farm-based oil. This oil is a hybrid fuel, called biodiesel. It is composed of peanut oil, canola, soybean, recycled cooking oils, and animal fats. Supporters of this new hybrid fuel confirm that it will reduce diesel exhaust and pollution, although it is too early for research to support these claims. You can listen to this story here.

Those who are involved in agriculture and the production of these farm-based products are looking forward to the benefits they will receive from the fuel subsidies and sales. There are many trucking companies who fear that this hybrid fuel will end up costing them alot more than just the projected 2-3 cents per gallon, when compared to regular diesel fuel. Many, such as members of the Sierra Club feel that more time and focus should be spent on updating the engines of fuel consuming vehicles so no matter what fuel they require, less would be used. For the moment, I support the experimentation of new sources of energy, fuel, etc. This type of innovative thinking and experimentation is what it takes to help manage and protect our environment and natural resources. As for those involved in the trucking business, it is their resposibility to adapt to the ever-changing technologies that attempt to aid in the reducing of pollution.

0 Comments:

Post a Comment

<< Home