U.S. looking for ways to make biofuels cheaper
U.S. looking for ways to make biofuels cheaper by Daniel J. Graeber Washington (UPI) Jul 16, 2013 The U.S. Energy Department said it was spending $6.3 million on research aimed at generating a biofuel that could be cost competitive by 2017. The funding is part of an effort to make biofuels competitive with regular fuels. The Energy Department said it wants to produce a drop-in biofuel that would cost about $3 per gallon by 2017. Energy Secretary Ernest Moniz said the government is looking for ways to increase energy security and reduce greenhouse-gas emissions by advancing a low-carbon economy. The transportation sector in the United States accounts for nearly 60 percent of domestic oil consumption and 30 percent of overall emissions.