The Energy Crisis
Some of the reasons for the spike in oil prices are short term, but new oil finds are decreasing and oil production will peak and begin running out.
By 2050 demand for oil may be triple what it is now, due to growth in population and affluence. Meanwhile emissions from fossil fuels shall have continued to hasten global warming.
America gets almost 70% of its oil overseas, and prices have gone up as we import more.
Everyone agrees this is a risk to our economic security.
Burning fossil fuels emits pollutants and carcinogens and probably has contributed to the well documented increase in global temperature.
If we get away from fossil fuels, it may help avert some of the predicted climate changes that will shift rainfall patterns and cause weather disasters.
Even if fossil fuels did not cause all of the problems attributed to it, it makes sense to switch to renewable energy sources that we can rely on. Imagine a fuel that will never run out; BCO is that fuel.
BCO and the Environment
The 'green' fuels refined from BCO will run in unmodified vehicles with the added benefit of virtually eliminating all harmful emissions. These fuels shall be biodegradable and much safer if spilled or released into the environment. These fuels will in fact meet and exceed the exact same ASTM regulation standards as fuels refined from fossil oil. Also, since BCO will only use atmospheric carbon recently taken in by the plants it is made from, it shall help to mitigate the release of carbon dioxide that contributes to Global Warming. In other words, BCO is carbon neutral. Another advantage is that unlike standard fossil petroleum oil; the BCO we can produce in its raw form is pure enough that it can be used without refining as home heating oil, and as a direct fuel for electric power generators. Another product we are going to be producing soon is a sequestration system that will take the emissions of industries to capture their carbon dioxide. The system will store this gas which can then be sent to near by facilities for use with algae growth tanks. The system advantages to both industry and BTE: we get an increased growth through the CO2 captured from emissions; industrial plants get to use carbon credits by utilizing our system to capture their emissions. It is a matter of debate whether 'cap and trade' or 'carbon taxes' are the best solution to reduce atmospheric carbon dioxide levels; nevertheless governments worldwide are beginning to implement this system. If a polluting industry wants to use our system, they can then sell the carbon tax credit they gain to other industries. It will also be profitable to invest in our plants as a way of making non-polluting carbon negative products (that is products that are not burned) from BCO such as non-toxic fertilizer, pesticides, resins, solvents, paints, polymers and other organic chemicals. In this way this network has all the potential to act as both a sequestration system as well as offset carbon credits for polluting industries. It pays to be proactive about this since the trend seems to be that some carbon capture system is going to be mandated as a means of combating global climate change. This is important and can pay back substantial dividends to investors.