ETHANOL

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Utah’s Oil-Shale Resources Less Than Estimated, But Increased Ethanol and Biodiesel Use Help Reduce Foreign Oil Dependence
Deseret News reports that Eastern Utah may have less than a quarter of the oil-shale resources that had previously been estimated. Meanwhile, the federal government is opening up more public lands for oil development, and the Bureau of Land Management recently conducted a sale to auction off thousands of acres in Utah that are considered prime parcels for oil and gas development. Amid the push for more development of domestic oil resources, an analysis released Wednesday by the Energy Department’s Energy Information Administration projects virtually no growth in U.S. petroleum use through the year 2030, due to increased use of ethanol and biodiesel and a push toward greater automobile fuel efficiency, including the growing popularity of gasoline-electric hybrid vehicles. Regardless of the source of fuel, Utah supports efforts to decrease foreign oil dependence.
» Read full article on[Biodiesel and Ethanol Investing]