Tesla Electric Car and BIOFUEL Index

Two things I have been obessing about: alternative transportation and the fuel that powers it. The first thing is Lithium Ion Batteries. The Tesla car is what Jesse James can repect: 0 to 60 in 4 seconds and a 250 mile range. Bad side is the three hour recharge. This is really a Wired magazine scoop


http://www.teslamotors.com/index.php?js_enabled=1
http://blog.wired.com/teslacar/
http://www.ubs.com/4/investch/flash/biofuel_index/index.html
First biofuel index launched

From Press Release Newswire:
"Swiss-based investment bank UBS has teamed up with Diapason Commodities Management to launch the first biofuel index giving investors access to various commodity futures.
The global index, which will be published in US dollars, euros, Swiss francs and Japanese yen, will cover a range of commodities which are used in the production of biofuels ethanol and biodiesel. The bank believes that increasing energy concerns such as global warming and supply security will drive businesses and societies toward alternative fuels.

Bioethanol is an alcohol-based fuel made from the fermentation of crops such as sugar beet or wheat. It can be mixed in petrol to reduce emissions. Biodiesel is produced from vegetable oil and can be used in diesel engines. Production of these two major forms of alternative fuel is increasing rapidly as more countries attempt to cut carbon emissions and find alternative forms of energy.