Solar and wind energy can never fill more than a tiny niche of energy requirements. Solar and wind power require people to sacrifice hundreds of square miles of land to equal each conventional power plant. Biofuels, including ethanol and biodiesel, are the new darlings of the renewable energy movement. However, the author recognizes one additional resource that will play a major role in the development of biofuel. That resource is the human brain, which in all of its resourcefulness has changed the entire agricultural landscape through the advent of biotechnology. Today, however, in an environment of fear-driven, escalating oil prices and with dramatic improvements in chemical engineering, both fuels have a fighting chance of becoming economic success stories if put on a level playing field of competition. Eventually, biotechnological research will enable people to create a plant that will rival sugar cane in conversion efficiency. From a banking perspective the ethanol market is in an interesting holding pattern.
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