Friday, March 18, 2011

DOE’s Duff warns that Asian industrial buildup threatens “our way of life” if US does not reduce oil consumption

Biofuels Digest
Jim Lane March 17, 2011

DOE’s Biomass Program Lead Engineer warns that, when it comes to biofuels, “it’s the economy, stupid”.
In Georgia, DOE Biomass Program Lead Engineer Brian Duff, keynoting the BioPro Expo in Atlanta, said that “dependence on oil is a throttle on the [US] economic engine, with the impact of oil reverberating throughout the economy, raising the prices of goods and services across the economy.”

He said that oil dependence was causing a massive trade deficit, turning the US economy into a captive market, held hostage to hostile regimes and volatile prices.”

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