The ethanol producers and the flex-fuel-car advocates are wrong because their solution replaces only part of the crude-oil barrel and won't reduce demand for that entire barrel in any meaningful way. Here's why. Full Story »
Posted by Derek HawkinsTo:
Separate email addresses with commas.
25 recipients max.
Note:
It does the service of bringing an obscure truth to light which has been ignored (for lack of interest, wishful thinking, and personal economic gain) and which is of crucial importance for the economic health of the nation. The author doesn't resort to hyperbole despite his obvious emotional commitment to the subject, but presents the facts clearly and succinctly.
I have been convinced that the massive ethanol plants being built at a frantic pace will be rusting junk within 20 years since the beginning of the peak oil controversy. One of the great problems of the oil boom was how to use all of the byproducts. Now we need more of all of it them except gasoline. Entreprenurship will solve that problem, not subsidized ethanol production.