GNN: Special Report: Fueling Controversy - EUROPABIO provides alternatives - by Charles Shaw

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Special Report: Fueling Controversy - GNN: Special Report: Fueling Controversy - EUROPABIO provides alternatives-by Charles Shaw

"The United States of America sucks up more than a quarter of the world’s annual oil production, and does so by borrowing one billion dollars a day in order to purchase it, somewhere on the order of $250 Billion a year or more. The US Administration is comprised of oil executives, while their foreign policy apparatus is inextricably woven into the oil industry, consisting of a reckless approach to petro-diplomacy, where they either engage in oil trade with some of the more brutally repressive regimes on the planet like Saudi Arabia and Nigeria, or actively seek to overthrow those who chose to defy them. These policies have unfortunately bred massive international enmity towards the United States, and created an economic system so dependent on oil that even the slightest interruption to the oil supply has far-reaching ramifications, such as we saw first with the removal of Iraqi oil from the world market, and then the refinery catastrophe in the wake of Katrina and Rita.The situation is only getting worse. All oil refineries are at capacity, supply has either peaked or is rapidly approaching the peak, while demand is projected to grow 50% by 2025, spurred by the massive economic growth of developing nations like “Chindia” and Brazil. Consequently, oil prices have increased 500% since 1998 when it was $13 a barrel.

EUROPABIO the European equivalent of the US Biotechnology Industry Organization, is advancing the cause of “White Biotechnology,” described as “when industry and nature thrive together.” It claims to be able to reduce pollution and waste, decrease the use of energy, raw materials and water, create new materials and biofuels from our waste products, and provide an alternative to many chemical processes. It uses living cells like moulds, yeasts or bacteria, as well as enzymes to produce eco-friendly substances made from renewable raw materials—also known as “biomass”—like plant matter, starch, cellulose, vegetable oils, agricultural waste, old grease, etc.

In the March 13th release, BIO CEO Jim Greenwood said, “Industrial biotechnology is causing a dramatic paradigm shift in transportation fuels that will end our national addiction to oil. We need to rapidly move forward commercializing these technologies for cellulosic ethanol production, which will strengthen our energy and national security.”