No, it’s not cheap biodiesel… although it certainly could end up being biodiesel for just peanuts. What I’m talking about is scientists at the USDA’s Agricultural Research Service looking at using peanuts as the feedstock for biodiesel… maybe even cheaper than soybeans.
This article from the ARS web site says it could push the goober into the forefront of biodiesel research:
Agronomist Wilson Faircloth at the ARS National Peanut Research Laboratory at Dawson, Ga., and Daniel Geller, a collaborative engineer at the University of Georgia, are testing a peanut called Georganic. It’s not suited to current commercial edible standards for peanuts, but is high in oil and has low production input costs.
Georganic—or similar varieties—will likely be the future of peanut biodiesel because it can be planted and grown with just one herbicide application for weed control, compared to the three to four applications typically sprayed during a growing season for edible peanuts. Additionally, these fuel peanuts are grown without fungicides, which are the greatest input cost in traditional peanut production.
Right now, soybeans are primarily used for biodiesel, and they produce about 50 gallons of the fuel per acre. But peanuts could produce as much as 120 to 130 gallons per acre.
Florida stands ready to fill up and feel good as it endeavors to become a leader in both the production and consumption of biofuels, including ethanol. 
According to the 
Recent rain in the Midwest has helped the corn crop rebound and led to lower corn prices, according to a 
The American Wind Energy Association is calling on Congress to enact a Renewable Electricity Standard (RES). Leaders from the AWEA will join with Congressmen Tom Udall (D-NM) and Mark Udall (D-CO) on Tuesday, July 31st at 10 a.m. at the U.S. Capitol to call for wider support of the amendment that would require power companies to use 20 percent renewable sources to produce energy by the year 2020. Pennsylvania Congressman Todd Platts (R. PA) is also a co-sponsor of the measure.
At the recent Farm to Fuel Summit in Florida, the state’s chief financial officer told the crowd that biofuels have made it into the mainstream. 
CFO Alex Sink related a story of how she had gone into her local Circle K convenience store that morning for coffee and newspapers on the way to the conference and the clerk at the counter noticed her “Farm to Fuel” shirt and asked her what she did. “I said I’m getting ready to go to a conference to talk about ways to grow crops to turn into fuel,” Sink said. “And she said, ‘You mean like ethanol?’ and I said ‘yeah’ and she said ‘that’s good, that’s very good, we need to protect our ozone layer.'”
The nation’s largest dry mill ethanol producer was recently honored by U.S. troops serving in Iraq. 
During the presentation at POET headquarters in Sioux Falls, SD, Major Chontos noted that the US Air Force is the highest fuel consumer of all the military branches. During a training weekend at the South Dakota Air National Guard, 10 F-16s typically fly two missions a day for two days consuming 60,000 gallons of fuel. One mission uses 1,500 gallons of fuel. At Camp Sather, 10,000 gallons of fuel are used per day for air conditioning and other electrical generation to support 1,000 airmen.
A Houston-based company is working on a briefcase-sized portable generator that runs on water… or more accurately, hydrogen.
A target audience for the device will be contractors, particularly ones who work on downtown skyscrapers. Power tools regularly sap their batteries.