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Discuss the following statement ‘The development of biofuel is impacted by oil prices’.

Discuss the following statement ‘The development of biofuel is impacted by oil
prices’.
Science   Biology   
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Answer #1

The biofulesa are produced from various biological sources and food crops as such corns. The production of biofuels is not cheap. Secondly, the production of biofuels a lot of food crops which affect the food of the world. After the overall production, the biofuels are very costly and to resell it it becomes more and more costlier. To sell it, it must be cheap then diesel and petroleum. Due to cheap oil the prices of diesel and petroleum are getting low. To compete with this the price of biofuels also become low.

So the development of biofuel if affected by the oil prices.

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