From Woodstock to Wall Street in 3 years

Those of you who have watched the growing development (and debate) of bio-diesel may remember 'Bish' from the film "Everything's Cool". He will probably be remembered as almost singlehandedly starting the now rapidly growing bio-diesel market.

This from CNNNews reports on the rapid growth of bio-diesel, to the point where there may be the first two IPOs later this year. Total bio-diesel production in the USA grew from 25 million gallons in 2004 to 250 million last year. The market has more than doubled every year since 2004 and will hit $1 billion this year.

"Biodiesel is the rock star of fuels," says Will Thurmond, author of Biodiesel 2020: A Global Market Survey. "It has moved from Woodstock to Wall Street."

Also it is interesting to note that some of the Big Oil boys are really beginning to get in on the act now - Chevron, ConocoPhillips etc. Hmmmm, that's got my eyebrows twitching; where there are megabucks to be made, the big sharks suddenly appear.