Biofuels, Biodiesel, Alternative Energy Obama's TOP Priority

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Palm oil has lost 55% of its value since its high of prices last March,

according to this story in the Daily Times from Lahore, India

<http://www.dailytimes.com.pk/default.asp?page=2008%5C10%5C05%5Cstory_5-\

10-2008_pg5_21> . Of course in North America where much of the biodiesel

market is driven by ecological concerns palm oil's reputation has sunk

so low because of tropical forest being devastated by planters that some

biodiesel makers might fear for their reputation if it was so much is

rumored that they were using palm oil. Meanwhile, soy oil remains high

in the U.S. The Daily Times article quotes and vegetable oil industry

spokesman saying he expects soy oil to remain stable due to the existing

route in Venezuela and expected shortages of rainfall in Brazil.

 

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