World Biofuels Forum 2008

Bio fuel has a material role within the oil industry. Sustained high oil prices have increased the attractiveness of bio fuels as an alternative fuel for transportation. Although bio fuels might account for only one to two per cent of overall energy demand, its future potential should not be underestimated. Bio fuels are likely to be an enduring aspect of the oil industry."
While, Oil industry has an integral part of the country’s economy, but to ensure its future there had to be some key initiatives put in place, one of which was to integrate bio fuels within the sector.

As a Geologist and a worker of E&P Company I want to say that it is good think that man searchs for new resources of energy like biofuel, but we should also think on our fast consumption of energy to save the life on earth.

SAVE ENERGY, SAVE LIFE OF HUMAN

The biofuel is used as fuel for the automobile as the energy souurce. The price of the petroleum is going to increased day by day and it is very difficult to cope this situation, because it is non renewable source where as in the case of bio fuel it is renewable and environmental sound so we can cultivated the plants in the huge amount and easily extract the oil and used as fuel purpose.
In other side it has also disadvantages because price of our daily usage goods going to be increased such as the price of cooking oil is increased and the price of the sugar is also increased at that moment America gives the lesser product of oil as compare to past so it rise the oil crisis in the world level, but mostly it is considered as useful because environmentally and finincially it is freindly.

The environmental soundness of biofuels is increasingly being put into question. For an overview about the debate, see
http://en.wikipedia.org/wiki/Biofuel . An even broader perspective, illuminated from a legal angle, is given at http://www.eoearth.org/article/Ten_most_distortionary_energy_sub... .