Rey C.
Racing is life... anything else is just waiting.
I think OPEC (and the other cartels) has it figured out pretty well: when the global economy gets too soft, demand is going to drop off, so they cut supplies and try to maintain a price that still works for them. Then as the global economy recovers, they slowly increase output as the demand drives the price up. Then you add in that oil (and gold) is priced in U.S. $, so when the dollar falls vs. the Euro, Pound or Yen, they do whatever they can to offset that affect and maintain their profits. On our side of the pond, you have refiners that play with gasoline output to manipulate the price to their benefit in the same way that OPEC does... and you have futures traders who add to speculation and volatility.
So with all due respect to the debate about global warming, etc., can someone tell me again why we aren't more heavily pursuing alternative fuels, such as cellulosic ethanol??? It wouldn't have to replace 100% of our imported oil demands, which is another fallacious argument I have heard (anything that is not an instant 100% replacement is not viable). Let's say that bio fuels could only meet 20-30% of our transportation fuel needs within 5-10 years. Why would this NOT be the way to go? What am I missing??? Maybe I'm screwy (on this issue ). Help me out. :dunno:
With the huge demand for automobiles and a growing middle class in China, and other emerging economies, I'll be surprised if we DON'T have $5/gallon gas here sooner than later.
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Elk_steaks_good! Rey C. like elk steaks!!!
So with all due respect to the debate about global warming, etc., can someone tell me again why we aren't more heavily pursuing alternative fuels, such as cellulosic ethanol??? It wouldn't have to replace 100% of our imported oil demands, which is another fallacious argument I have heard (anything that is not an instant 100% replacement is not viable). Let's say that bio fuels could only meet 20-30% of our transportation fuel needs within 5-10 years. Why would this NOT be the way to go? What am I missing??? Maybe I'm screwy (on this issue ). Help me out. :dunno:
With the huge demand for automobiles and a growing middle class in China, and other emerging economies, I'll be surprised if we DON'T have $5/gallon gas here sooner than later.
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I like the latter option better. Elk can suck on my tailpipe.
Elk_steaks_good! Rey C. like elk steaks!!!