BruceMcF:

In any event, if the only way to reasonably ... (none / 0) ... exceed 5% of current liquid fuel consumption is to import, that means that 5% is the highest reasonable target

Right! Up to 2007 the EU had a 6% market share target for biofuels as transport fuels. There was a consultation in 2006 about biofuels which prompted us to dig up the numbers for hectares of arable land, feedstock production, feedstock net exports, biofuel yields, fuel consumption and biofuel energy content. We concluded that the entire EU net exports of grain were needed to meet the 6% ethanol target, and the entire EU oil crop production was needed to meet the 6% biodiesel target. We submitted that to Piebalgs' consultation, and in 2007 the EU decided to increase its target to 10%.


When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes