Today in Biofuels Opinion: “At $4 (a bushel) corn, we can compete with $60-$70 (a barrel) oil.”

POET CEO Jeff Broin:  “At $4 (a bushel) corn, we can compete with $60-$70 (a barrel) oil. As oil falls below that, it will have some effect on grain prices.”

Sue Ellerbusch, BP Petroleum’s vice president for biofuels: “We think that in a down economy, people will gravitate to where new jobs are being created. That is where biofuels are crucial. Besides, the incentive to have a secure supply of energy and to be self-sufficient in energy is a desire that is not likely to go away. These are very young and vulnerable businesses. Until they are up and running on their own they will need government and regulatory support.”

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