Global biofuels will struggle to match ambitious objectives

James K. Fallon Purvin & Gertz Houston When the US Energy Information Administration (EIA) published the September 2011 edition of its Petroleum Supply Monthly, it marked the sixth month out of the previous 9 in which the US was a net exporter of refined products.1 Industry observers were quick to recognize the distinctive shift this represented in finished-fuel trade patterns with 2011 establishing itself as the first time in 62 years the US was a net petroleum product exporter. A contributing factor to this historic shift has been the rapid profusion of ethanol and biodiesel into the transportation-fuels mixture. Brazil, long considered the model for a national biofuels program, has...

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