Heating oil industry makeover

Many farmers have started to grow a “next-generation biofuel” like algae. In fact, many are talking up algae as a major potential source of energy; some have forecasted that algae could produce 5,000 gallons of biodiesel per acre, a much higher rate of return than other biofuels. If algae does become a primary energy source, this would almost certainly have an effect on heating oil. Many states, as well as the industry’s major trade group, will require heating oil to have a percentage of biofuel in its mix.

Bio fuels can change the scene in the heating oil industry.

Read More: http://bit.ly/2gj8oM

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