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Practice Reading: Fill in the Blanks (Dropdown) ID: #5445 Bio-energy 2
Instructions
Peering  into  the  future  seldom  produces  a  clear  picture.  But  this  is  not  the    with  bio-energy.  Its  long-term  impacts  on  the  global  economy  appear  to  be  pretty  clear,  making  many  long-term  predictions  quite  compelling,  including  the  demise  of  the  price-setting  power  of  the  Organization  of  the  Petroleum  Exporting  Countries  and  the  end  of  agricultural  protectionism.  First,  technology  is    to  deliver  a  biofuel  that  will  be  competitive  with  fossil  energy  at  something  like  current  prices.  It  probably  already  has.  Brazil  has  been  exporting  ethanol  to  the  US  at  an  average  delivery  price  of  $1.45  for  an  amount  with  the  energy  equivalence  of  a  gallon  of  petrol.  It  is  doing  so  profitably  and  in  increasing  amounts,  in  spite  of  a  54  cents  a  gallon  tariff  to  protect  American  maize-based  ethanol  .  Many  countries  are  following  suit.  But  ethanol  is  an  inconvenient  chemical  compound  that  is  corrosive  and  soluble  in  water,  thus  limiting  its  immediate  market  to  that  of  a  gasoline  additive.  However,  this  is  just  the  Betamax  phase  of  the  industry.  There  is  plenty  of  private  venture  capital  money  being    into  finding  more  efficient  ways  of  extracting  energy  from  biomass  and  delivering  it  to  transport  and  power  systems.  Over  time,  the  technology  will  also  become  more  flexible,  allowing  more  crops  to  be  used  as  feedstock,  not  just  the  current  choice  of  sugarcane,  maize  and  palm  oil.  New  technologies  will  be  able  to  extract  energy  from  cellulose,  allowing  the  use  of  pastures  such  as  switch  grass  as  well  as  the  refuse  of  current  food  production.

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