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.

It's Now 'Official': Ethanol Is a Scam

Anything that burns is energy. Ethanol, methane is renewable. Period. What is renewable and clean is the best option for next generation, especially who lives at coastline areas. Deforestation to open more lands for sugar and corn fields are one of the scarifices and it's worth it. Basic arithmatic will show you why it's worth it. Deforestation can be replanted in other areas where the land is not suitable for these crops. Hence carbon absorption remains approximately the same. The ethanol produced will reduce fossil fuel consumption pro rata and our air becomes cleaner. Those who talks about ethanol scam is definitely tightly connected with oil industries. More ethanol being accepted means less fossil fuel demand, hence less profit for oil industries. It's worrisome, how in our current society, a short term interest overcome the long term interest of mankind.