Biofuels are created by converting organic matters into fuel so that mankind can be supplied with energy. The biofuels represent alternative ways to stop using the fossil fuels which are already depleting for the near future. Biofuels include under this designation ethanol, derivatives of plants namely sugar cane, corn oils and vegetables. Nonetheless, not all products made from ethanol can be used to generate power. The agency catering for international energy has concluded that ethanol can be used to supply ten percent of the total amounts of gasoline necessary to mankind starting from 2025, and thirty percent of it until 2050. Until now, the percentage remains relatively low, only two percent.

Nonetheless, we can still find a solution to make way for economic and practical changes in the ways biofuels will affect the current and future trends in energy. Studies carried out by scientists have pointed out so far that biofuel can be as much energy efficient as petroleum and traditional fossil fuels. With this in mind, we can easily make an impression on which one will prove to be the most effective in the long term. We need incredulous amounts of energy to provide input energy and this can be done by ensuring that we find some sort of energy source that will not deplete itself. Currently, fossil fuel resources are being depleted at high levels, therefore it is important to have a backup plan that might become the norm in some years from now on.Research has also pointed out that products made from corn ethanol derived sources is twenty percent efficient, compared to the relative success of gasoline, accounting for seventy five percent energy efficiency.

Therefore, it is important to point out that despite the fact that alternative energies and thus biofuels are under research, the ethanol derived from cellulose proved to be eighty five percent efficient, therefore even more that the efficiency of gasoline.

For instance, analysis inside the NYSE, the stock exchange of New York, predict a much wider scale and availability of biofuels to be used to create energy. By spanning the area of the impact of this technology, oil prices can be reduced and thus they can even drop under the crude amount of forty dollars per barrel or even less. Therefore, it is easily possible and predictable that the alternative energy industry would definitely have a negative impact on fossil fuel industries. Some analyses predict that alternative energies, thus biofuels will supply seven percent of total energy demands for transportation by 2030. Therefore, the energy market will definitely be affected in an irreversible way that will make institutions and government authorities unable to regulate the impact of biofuels. If the government nonetheless, agrees to subsidize firm and thus encourage the distribution of biofuels, then the eco friendly alternative will stand more chances in becoming the norm.

Worldwide, there are more nations involved and committed to promoting the usage of biofuels against the usage of more traditional fuels.

These countries include Brazil, who occursto be the biggest producer of ethanol of them all. It produces ethanol mainly from sugar, around half a billion gallons each year of ethanol production.

While it is the largest consumer of fuels on earth at the moment, the US is also the second largest country producing biofuels, justbehind Brazil. Thus, the biofuel quantity produced by the European Union amounts for up to four million tons of biofuel. About eighty percent of the amount of biodiesel fuels coming from the EU is obtained from rapeseed; the rest of it comes from soybean oils and well as some palm oil quantity . These sources represent the remaining twenty percent of the production of biofuel in Europe.