is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist

Biodiesel Will Have Momentum as Year Continues

Recovery and renewed interest for biodiesel expected in 2010.

Prominent economist and futures forecaster Don Reynolds says 2010 will be a year of recovery and renewed momentum for the biodiesel industry. During his keynote speech to the 2010 Biodiesel Conference & Expo in Grapevine, Texas, Reynolds said the biodiesel industry was sold on the premise that it's good for a green economy. But it's actually much more than that.

 

"I'm bullish on biodiesel because it's important to our national security," Reynolds said. "Biodiesel is critical to cutting into our trade deficit by lowering our dependence on foreign oil."

 

As for the general economy, Reynolds expects that despite the recovery, the next decade will produce less than average growth, due to structural problems and the bad choices made with personal and government debt. He believes 2010 will be characterized by rising long-term interest rates as inflationary forces grow, due to the global economic recovery and a weak U.S. dollar driving commodity prices higher.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish