Tuesday, September 26, 2006

biodiesel from olive oil

News Briefs: "$1.5 million to fund projects that range including the feasibility of producing biodiesel from olive oil"

Can someone please exlain this one to me? Why would you make biodiesel worth less than $1/liter out of oilive oil which seels for over 4 times that? Is there some dirt cheap supply of olive oil I'm unaware of?

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