Will Bio Fuel Lead To A Gold Rush Situation?

With biotech industry eager to expand, the industry is witnessing an increase in ethanol production and this industry along with innovations is set to result in a long term economic boom for rural America. On the other hand some experts claim that ethanol craze is short lived and at the end would not be beneficial for the agriculture sector. It also stated that even if America contributed hundred percent of its facilities for ethanol production, in effect it would only be able to replace six percent of the petroleum needs of the country. It is expected that though the plantation would lead to the creation of jobs but it would not transform the whole industry. It is expected that new technology would improve the viability and even a few companies are trying to promote renewable fuels. Some people say that it is a gold rush mentality and this is associated with a situation of boom and bust.

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