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Lynd 3 (1:40)
Topic(s): Biofuels / Foreign Oil
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Video Transcript
Well, some people are calling this a perfect storm. I hope it
lasts longer than some perfect storms, but I think the notion
they're getting at is that there are a lot of convergent
factors that have led to seemingly quite a sudden increase in
expectation. The price of oil has been a big factor. The
ongoing and reinforced perception of the price of oil
dependence, in terms of security and foreign policy
compromises, has been a factor. Heightened concern over global
climate change has been a factor. And finally, along with all
of those increased perception of need, I should also mention
an ongoing sense that rural America would benefit very, very
much from essentially added demand for farm products that many
rural communities would benefit tremendously. And
that's— Actually, that's been as big a policy driver as
any, over the past- maybe the biggest policy driver over the
past decade.
So you combine these, all of these rising tides of need, with
the idea— well, with both the reality and perception
that the– of increased possibility with respect to the
technology. This has to do with the cost-effectiveness and the
yields, but I think a lot of the issue is people taking
seriously that this might actually be able to be implemented
on a truly large scale, and make a truly large difference, as
opposed to being something that is, you know, the provincial
interest of this or that group, or, you know, would service,
in essence, a narrow slice of society.
