Big Oil feels threat from growing biofuels sector

03/24/2013 |

Biofuels, along with other renewable energy sources and increased availability of fracking technology, are exerting downward pressure on oil prices and threatening to cut oil companies' revenue, writes columnist Dana Blankenhorn. Oil companies' response to the stepped-up competition is "an increased focus on strangling biofuels in their crib," Blankenhorn notes.

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