HKL

Ethanol Driving Pump, Narrowing of Refining Margin

Basic supply demand law. Oil price may reach US$ 150 by year end. Why ? The ever increasing demand in US & China ! And the weak US$ ! The oil price is the culprit in driving up food cost.
Cost in cultivating, transportation and fertilizer. Will food prices remain as it is now if the oil price drop to US$ 80 ..70...60 ?
Will oil price be at US$ 120 if demand is low ? Say if 50% US cars are powered with ethanol ?
If you think you are clever, you've got to know the answer.