Are Subsidies for Biodiesel Economically Efficient?. March 11, 2004 Chad Wassell, Dept. of Economics Tim Dittmer, Dept. of Economics. Two Quotations to Consider. For every complex problem, there is a solution that is simple, neat, and wrong. -- H.L. Mencken
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March 11, 2004
Chad Wassell, Dept. of Economics
Tim Dittmer, Dept. of Economics
-- H.L. Mencken
-- Martin Luther King, Jr.
KOH + CH3CH2OH > CH3CH2OK + H2O
CH3CH2OK + H2O + C3H5(OOCR)3 > 3RCOOCH3 + C3H5(OH)3 + KOH
R = hydrocarbon chain
100 lbs. of oil + 10 lbs. of methanol > 100 lbs. of biodiesel + 10 lbs. of glycerol
There are five primary reasons for encouraging the development of biodiesel in the U.S.