First American Scientific Corp. (fka FASC)

[Hongcouver]

Sam,

Big oil is warming to biofuels.........but not necessarily an act of free-will.

"Under the Energy Independence and Security Act of 2007, U.S. refiners are required to blend increasing amounts of ethanol into the nation's gasoline supply. 15 billion gallons of corn ethanol are required to be blended by 2015 (from 10.5 billion in 2009), while advanced biofuels like cellulosic ethanol are not required to be blended in significant volumes for several more years."

"If we consider that the oil majors are not in the oil business, but rather, the infrastructure business --- and as long as they control the liquids that come out of the pumps, they won't care if it is made from petroleum or cow dung --- then we shouldn't be surprised that they are increasing their investments into biofuels."

http://www.greentechmedia.com/articles/read/has-big-oil-finally-gotten-serious-about-biofuels

HC