As with many consumer goods, the law of supply and demand has a hold on the economy. This is no different for fossil fuels. However, it isn’t only supply and demand that causes the fluctuation of fossil fuel prices; the political climate also plays a role.
88% of the United States energy consumption is powered by non-renewable resources. With the numerous varying factors controlling the affordability and availability of fossil fuels, we are looking elsewhere for a reliable energy source. This is where biofuel comes in.
What exactly is a fossil fuel, and why is it non-renewable?
Coal, natural gas, and crude oil are all considered fossil fuels because they were formed by fossilized plants and animals that died millions of years ago. These energy sources have an extremely high carbon content which made them a top contender for global use. However, the continued heavy reliance on such an energy source is impossible to maintain. Because fossil fuels take millions of years to form, we can’t simply keep creating more when we need it. In addition, we’re learning more every day about the devastating impact of fossil fuels on the environment.
For many people, the topic of fossil fuels adding to the problem of global warming is controversial. Despite the ongoing debate of its exact environmental and economical impact, scientists are certain that fossil fuels are clear contributors. The science behind the detrimental environmental impact of using fossil fuels can be traced all the way back to 1896. Swedish scientist Svante Arrenhius published his theory that as people used fossil fuels, we would raise the planet’s temperature, thus creating a “greenhouse effect.” Since then, scientists have looked into global warming and the effects that fossil fuels have on the environment more closely. Without a doubt, the use of fossil fuels has had a negative impact on our climate.
The Cost of Fossil Fuel Reliance
When we look at the cost of fossil fuels—natural gas, coal, crude oil—we tend to only look at the dollar amount of a unit of that energy resource. We aren’t truly looking at the cost as a whole. For example, you may be thinking, “Gasoline in my area is currently sitting at around $3.25 for a gallon.” However, Climate Change reported Americans get their gasoline for at least $3.80 less than the overall cost to provide when you factor in all of the other burdens, charges, and impositions that come with fossil fuels.
The same goes for crude oil. The cost of crude oil has increased to more than $170 a barrel, and that’s only if we’re looking at the unit price. If we take a look at the environmental and social ramifications of its use, the price would inevitably skyrocket.
How Does Biofuel & Biodiesel Help?
Whereas fossil fuels take millions of years to form, biofuels are created from biomass (plant/algae material or animal waste) and can be directly converted as an energy source. A vast infrastructure was created with fossil fuels in mind, and biofuels can directly take their place without the added cost that was previously associated with environmentally-friendly energy sources.
How Manta Biofuel is Making a Difference
Algae is a type of microscopic plant that grows incredibly fast. It can double or even triple its biomass in a single day. Because of algae’s rapid growth rate, less land is required for it to grow compared to other biofuel feedstocks. At Manta Biofuel, we’ve developed a suite of technologies that enable us to farm algae instead of manufacturing it, keeping production costs and the environmental impact low. That way, when you’re looking at the pricing of a barrel of biofuel, you only have to consider the unit cost, not the environmental and social ramifications it took to create that barrel.
Want to make a difference alongside Manta Biofuel? Invest in our renewable biofuel energy source today!