Meeting global energy requirements

According to the U.S. Energy Information Administration, the major factors contributing to the rising cost of regular petroleum diesel fuel include: rising cost and restricted supply of crude oil; tight refining capacity due to growing domestic and international diesel fuel demand; increasing transportation costs; higher costs associated with the required U.S. transition to Ultra Low Sulfur Diesel fuel; and higher federal excise taxes on diesel fuel compared to gasoline.

Global demand for petroleum is predicted to increase 40% by 2025 and yet the supply will be increasingly curtailed over that same period. There are significant concerns about oil supply and energy security which have motivated many counties to consider alternatives to imported petroleum. Most estimates say that we have already moved beyond the access to cheap oil and each year that passes access to petroleum is going to become more and more scarce.

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