WBIA BLOG

Biofuels save a million barrels of oil every day

Categories: Bio Fuels

In the first attempt to quantify the massive impact that biofuels are already having in our effort to break the addiction to foreign oil, the International Energy Agency has determined that, in the United States and Europe alone, home grown fuels are saving 1,000,000 barrels of oil each day.  Biofuels are already substantially limiting the amount of dirty, expensive petroleum that Western countries have to import from often unfriendly regimes, and their effect is only expected to grow.  By the end of this year, supply is expected to hit 1.5 million barrels per day.  The IEA called the increased oil imports that would be needed to replace biofuels “sobering.”  Let’s hope our politicians have the foresight to avoid that prospect.

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