“Are you any less worried about energy security today than you were 4 years ago?” asks BP

Biofuels Digest
Jim Lane November 1, 2011

Should the Renewable Fuel Standard be scrapped, or revised? BP North America chief Susan Ellerbusch makes the case for “No”.

In Chicago, BP Biofuels North America president Susan Ellerbusch, in addressing congressional attempts to re-write the US Renewable Fuel Standard, asked “Are you any less worried about energy security today than you were 4 years ago?”

Speaking at the Platts Next Generation Biofuels conference, which opened in Chicago yesterday, Ellerbusch said “It is generally expected that there will be a 45-50% increase in demand for transportation fuels in the next 20 years.”

“Nothing has changed”, she said, referring to the growing potential of a shortfall between global oil supply and demand, or the specter of rapidly escalating oil prices or proved reserve depletion rates. She commented that BP sees biofuels as one of the critical sources to fill this demand.

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