Petroleum feedstocks already increasing expensive.

The supply of petroleum will peak when increases in consumption outpace discovery of new sources.
Expert predictions range from 2004 to 2020 with 2007 as the median date.
The sketch shows what will happen to the price of oil:

Predicted Trends As Oil Supply Peaks

Figure taken from: R. Bezdek and R. Wendling, "Oil Peaking, Mitigation, and Risk Management", Beyond $2 Gallon:
Satisfying Our Future Energy Needs, The 2005 Tripartite Symposium, Pittsburgh, May, 2005

Biomass feedstocks likely to be highly competitive

Biomass refining costs are relatively much more stable. Economies of scale will cut in and step yields are certain to improve.
Wonderful opportunity for biomass refining for alcohol fuel or substitutes for petrochemicals because the competitors using petroleum will have escalating costs.

For more information: PEAKING OF WORLD OIL PRODUCTION: IMPACTS, MITIGATION, & RISK MANAGEMENT R.L. Hirsch, SAIC, Project Leader R. Bezdek, MISI R. Wendling, MISI February 2005
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Slide List

Petroleum feedstocks already increasing expensive.

The supply of petroleum will peak when increases in consumption outpace discovery of new sources. Expert predictions range from 2004 to 2020 with 2007 as the median date. The sketch shows what will happen to the price of oil:

Predicted Trends As Oil Supply Peaks

Biomass feedstocks likely to be highly competitive

Biomass refining costs are relatively much more stable. Economies of scale will cut in and step yields are certain to improve. Wonderful opportunity for biomass refining for alcohol fuel or substitutes for petrochemicals because the competitors using petroleum will have escalating costs.

The supply of petroleum will peak when increases in consumption outpace discovery of new sources.
Expert predictions range from 2004 to 2020 with 2007 as the median date.
The sketch shows what will happen to the price of oil:

Biomass refining costs are relatively much more stable. Economies of scale will cut in and step yields are certain to improve.
Wonderful opportunity for biomass refining for alcohol fuel or substitutes for petrochemicals because the competitors using petroleum will have escalating costs.