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This is one of the reasons why I believe, in common with legislators in most other Western countries, that we need to be determinedly looking at alternative fuels, both extenders and new fuels and that includes biofuels .
In addition, the incentives for alternatives - such as hydro, solar, nuclear and - crucially biofuels - grow exponentially.
But can biofuels really replace petroleum products?
The Prime Minister's called oil company chiefs and fuel retailers to a meeting next week to discuss the outlook for petrol prices and boost the consumption and production of biofuels such as ethanol.
Organised by the Green Party, Wednesday's conference in the Seven Oaks Hotel looked at biofuels and the need to decrease our dependence on fossil fuels in line with Ireland's commitments to EU directives and the Kyoto Protocol.
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