Biofuels viabilty as a future fuel?

Biofuels are often considered alternative to both petrol and diesel, terms of price, environment and low production cost. Though somehow now the price of crude oil is moving around 55-60$ (NYMEX) per barrel, which is considerably down when compare to 147$ six months ago. With fear of global recession the price of lowered to considerable low level, but as when global economy again take an upward, analyst crude price prediction of 200$ will then not be a distant dream, at that time the more price sensitive Biofuels will come into picture.


Besides, apart from alternative to fossil fuels, Biofuels also are economical on may fronts, environment, foreign exchange, self reliance, energy sufficient and security.

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Thanks&Regards,
Mohit Kumar