Biofuel: South Africa gearing up for a Biobased Economy
B.B. Marvey Oil prices continue to rise and have more than doubled over the past year apparently due to rising demand in fast-growing economies and supply disruptions in the Middle East and Nigeria. Some analysts are in fact predicting that oil production levels should hit their maximum soon after 2010 thus causing prices for petrol and other fuels to reach disastrous levels. In the mean time South Africa (SA) has been experiencing disruptions in electricity supply causing huge losses for local businesses and creating a situation best described as a "national emergency" by the Public...