Can’t win for trying. Fossil fuels prices are back down and now Southeast Asia is unhappy.

Malaysia and Indonesia produce the bulk of the world’s palm oil = the two countries had much to offer the biofuel industry and stood to make a killing by gouging the world on prices for the commodity during the fossil fuel price hikes.

However, when crude oil, which once peaked at $147 a barrel plummeted back to earth at $37ish a barrel, the two southeast Asia countries saw their dreams take a dive as well.

Last year, palm oil prices went up to $1,245/ton. This year – $526/ton after once dipping to $405/ton.

I get the whole supply and deman thing. But, it seems to me that if the palm oil producers could find a fair price and stick with it, they will have a better chance in the long run, no?

Malaysia had hoped to be the world’s leader in the biofuel industry.

Indonesia is still content to make biofuel 5% of its energy mix by 2025.

Both countries will be happy now, just to survive.

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