Difference between revisions of "Biofuels"
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| − | + | Biofuels contributed about 1.3% of world oil supplies last year: a small proportion, but still more than Indonesia, one of the earliest members of Opec, the oil producers' cartel. Over the next few years, their contribution as a share of the increase in oil supplies is expected to be much greater. If that contribution were lost, the supply-demand balance would be even tighter and the oil price even higher</ref>. | |
Revision as of 22:04, 21 October 2008
Biofuels contributed about 1.3% of world oil supplies last year: a small proportion, but still more than Indonesia, one of the earliest members of Opec, the oil producers' cartel. Over the next few years, their contribution as a share of the increase in oil supplies is expected to be much greater. If that contribution were lost, the supply-demand balance would be even tighter and the oil price even higher</ref>.
