The Emperor noted a story in the news today about trouble in the biofuel industry. It seems a government subsidy of $1 per gallon of biofuel expired at the end of the year. This development along with the worldwide drop in oil prices and a few other developments makes biofuel unprofitable. So what else is new in the renewable energy world? If these energy sources were economically viable, they would already be proliferating throughout the realm. If renewable energy production can't survive without giant government subsidies, they will never work. The only hope for renewable energy advocates is that the world runs out of fossil fuels or that the energy industry becomes nationalized. Until one of these things happens, renewable energy technology will remain too costly to be viable in a free market.
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