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Khosla challenges oil companies with cheap ethanol offer

Vinod Khosla, a socially conscious entrepreneur who funds clean energy ventures among others, is calling oil companies' bluffs on fuels not made from fossil fuels. Khosla (read more about him here and here) has offered to supply enough ethanol to the oil companies at a fixed price so they can sell it all across America at $1.99 a gallon and still make a tidy profit. All the company has to do it commit to buying Khosla's ethanol for five to seven years. So far, no one has taken him up on it. Khosla, writing his first article in the Huffington ... Read more →

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