The Future of the Philippines, my point of view on renewables rough draft

Its December 12, 2008. 6 months ago, there were food riots all around, Oil (NY Crude) was $147 a barrel. A revolution in Renewable Energy was resurging; Ethanol plants were being established all across the country; Alternative fuels from Sorghum, Sugarcane and Corn, the main ingredient of ethanol, would create new opportunities to farmers in Mindanao and Luzon. In Renewables, Wind Energy Farms were already in Luzon, and a 1MW Solar Farm, the biggest in SouthEast Asia, was running nearby Cagayan de Oro by the local utility company CEPALCO. I counted more than 3 dozen new technologies in the US being developed on every kind of improvements to Renewable Energy and making ethanol viable.

It was to be the beginning of the golden age of Biofuels and Renewables.

TURNING POINT (today):

Now NY Crude is down to a staggering $47 a barrel. Those US research companies, if they ever produce a commercially competive product, are likely to operate 2 -3 years from now. The New Energy Secretary of the US is a Nobel Prize Winning Scientist, whos thrust is to develop alternative energy technology.

Most likely, Renewable Energy and Biofuels Golden Age wont take effect yet, a short term gap of 2 years. Its either we develop cheaper Biofuels ( I hear that genetic engineering can produce microbes that can produce ethanol, without the use of a Distillation Plant, which costs around P 600M to 1.2 B, a staggering savings if they can perfect the process), or Fuel prices go up again.

They say that in every bad situation, there is an opportunity to make good.

IF YOU SEE A POSSIBLE OPPORTUNITY for the Renewables and Biofuels Industry, PLEASE COMMENT BELOW.