I have given up on the biofuels viability issues. Living here in Iowa, the "ground zero" of ethanol and biodiesel production, I have come to realize it is just a three card monty. It is just a money shuffle by the government and a "warm fuzzy" for the population.
Yes, it has caused corn and soybean prices to skyrocket, ok.. I'll take advantage of that when I sell my crop. But in actuallity, we all are paying a price for it. From consumers taxes to increased feed prices for livestock to government redistribution of the peoples money.
I do like the fuels, I've used them off and on, but watching the political meanderings that go on, I no longer give a rip about biofuel production. Every week I get emails from my "hired help" in Washington DC about how they are shuffling money around to develop the biofuels programs. If it was purely market driven, I would probably get behind the biofuels.
Look... if one feels good and can justify in their mind the use of biofuels, that is great. If others see no sense in using it, great. I have removed my dog from this hunt. I really don't give a rip if one more gallon is sold. If it is, I want to see it done on a fair market basis without any tax money going to subsidize and the true cost of production hidden from the consumer. I see these kind of subisdies as nothing more than ag welfare. Besides, the only ones who benefit are the "mega" farmers that own farms in the midwest and live in NYC. The so-called "family" farmers receive less than 5% of the governement subsidies that are behind this. Check out the figures and stats with your state university ag extension office and the farmers organizations such as Farm Bureau (yes.. I'm a member).
The market for biofuels did just fine for over 3 decades without the current hoopla over biofuels and the money redistribution. We were using ethanol and biodiesel in Iowa before it made it to the national scene. I was bying it at the pump in the '70's. Now it has become as conviluted as the military industrial complex with the same lobbyists and money grabs.