Finally, biofuels are cheaper than other fuels.
Look at statistics from Economic Security: Not every country has large reserves of crude oil. For them, having to import the oil puts a huge dent in the economy. If more people start shifting towards biofuels, then the dependence on the imports will decrease. More jobs will be created with a growing biofuel industry, which keeps our economy secure.
Reduce Dependance on Foreign Oil: While locally grown crops has reduce the nation’s dependance on fossil fuels, many experts believe that it will take a long time to solve our energy needs. As prices of crude oil is touching sky high, we need some more alternative energy solutions to reduce our dependance on fossil fuels.