So much for the alternate energy fad

All good fads come to an end and so it goes with the alternate energy sector. There is a glut of solar panels on the market with prices dropping around 40% year over year with the outlook for more supply and even lower prices.

Biofuels ( remember not more than a year ago the stories about people boiling bio-mash in there garages ) are not far behind. To wit from the WSJ:

The biofuels revolution that promised to reduce America’s dependence on foreign oil is fizzling out.

Two-thirds of U.S. biodiesel production capacity now sits unused, reports the National Biodiesel Board. Biodiesel, a crucial part of government efforts to develop alternative fuels for trucks and factories, has been hit hard by the recession and falling oil prices.

The global credit crisis, a glut of capacity, lower oil prices and delayed government rules changes on fuel mixes are threatening the viability of two of the three main biofuel sectors — biodiesel and next-generation fuels derived from feedstocks other than food. Ethanol, the largest biofuel sector, is also in financial trouble, although longstanding government support will likely protect it. Read more here.

This entry was posted on 27. August 2009 at 05:35 and is filed under Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.