Asked by Brittney Buchanon on Apr 29, 2024
Verified
Because of Environmental Protection Agency pollution credits to biodiesel producers, biodiesel becomes economically viable (as or less costly than using oil) when oil prices reach _____ or more per barrel.
A) $110
B) $55
C) $80
D) $127
Pollution Credits
Allowances granted to companies, permitting them to emit a certain amount of pollutants; they can be traded among companies.
Biodiesel
A biofuel derived from natural sources, such as vegetable oils or animal fats, used as an alternative to conventional fossil fuels.
Oil Prices
are the costs associated with purchasing crude oil, which fluctuate based on global supply and demand dynamics.
- Comprehend the elements that affect the financial practicability of alternative fuels in comparison to traditional oil.
Verified Answer
Learning Objectives
- Comprehend the elements that affect the financial practicability of alternative fuels in comparison to traditional oil.
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