Could biofuels be our savior after all? This from Bloomberg:

Biofuels can boost incomes and yields for farmers, revitalizing impoverished rural areas when they are introduced in countries with secure land ownership, the International Institute for Environment and Development said.

By raising the price of crops such as corn and palm oil, biofuels can reduce poverty in countries with a high dependency on agriculture, the London-based researcher said in a report with the United Nation’s Food and Agriculture Organization.

With a great demand for a change in our energy consumption, the U.S. has been quick to follow in the footsteps of some of our international friends and adopt new and cutting edge fuels. Unfortunately, we may have adopted a project that was doomed to fail from the beginning.