U.S. Military Gets Serious About Biofuels


Biofuels, long struggling with a plethora of problems, may finally be seeing the light at the end of the tunnel, as the largest fuel consumer, in the U.S, the Pentagon, is seeking proposals. Last month U.S. Army Energy Initiatives Task Force (AEITF) issued a draft request for proposals (Draft RFP) renewable energy contracts. What’s on offer? Over the next decade, an impressive $7 billion. During the AEITF’s pre-solicitation phase, the Draft RFP is designed to gather information from potential bidders to assist the AEITF to…

Read more...

More from Commodities

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Market Bears Have Devoured Gold Prices

Market Bears Have Devoured Gold Prices

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets

Oil Falls as J.P. Morgan Cuts Price Forecast, Producers Ramp Up Drilling

Oil Falls as J.P. Morgan Cuts Price Forecast, Producers Ramp Up Drilling