Alternative Fuel | November 15, 2006 |
Biodiesel Boosts Jobs, Economy
Biodiesel improves the air we breathe as well as contributing to a healthy economy. According to a study by consulting firm LECG, biodiesel production could add more than $2 billion per year to the U.S. economy during the next decade. Using domestically produced biodiesel primarily produced from soybeans could add nearly 40,000 jobs. Although you have to carefully consider the data from any study whose results benefit the company that paid for the research (in this case the soybean industry), creating jobs across sectors -- agriculture, high and low tech industrial positions as well as service jobs -- increases the tax base and boosts employment.
The increasing reliance on biodiesel will also keep up to $13.6 billion within the U.S. and to a small degree counter our increasing trade deficit, which devalues the dollar.
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Comments By Readers
I've been hoping people would wake up and smell the mony in there own back yard. I've tried buying The Jeep CRD but I live in Cal. Cal has hardly looked into to this at all because one of it's biggest problems in Cal is the Shipping yards which we have 3 LA, SF,SD,not only would this help the air problems in the shipping yards you could do it at a low cost any diesl eng can be converted. And they last 2x longer then gas eng.But this would also help our local economy. By making it here! if any of you have contacts to your local govement offices please help and gets this moving and put middle income jobs back here in the US , Chris H
"Bad" air at california shipping ports is due to the incoming ships using bunker fuel- which is a cheaper "dirtier" fuel- not the yards vehicles and vessels. Bio diesel also needs petro diesel to grow the soybeans right now... and actually uses more fuel in the life cycle than it produces. We need to invest and get over the intial hump to see the benefit- which means huge political and economic challenges: petrofuel companies are not going to embrace this with open arms.
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