The basic argument against biofuels is that food sources like corn and wheat should not be used to make fuel. The substitutes for these crops are plants such as switchgrass and miscanthus, but these grasses take longer to break down than corn kernals, making the fuel production process more costly.
This is also good news for the Obama administration, which continues to advocate funding for alternative energy policies and research.
At the White House on Monday Obama said, “Speaking to entrepreneurs in the fields of energy…Your country will support you. Your president will support you.’ The administration’s $787 billion stimulus package includes $39 billion for the Department of Energy and $20 billion in tax incentives for clean energy.”
He plans to speak more about the stimulus package in a televised address Tuesday night.