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There is no gas shortage

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RayB:
No gas shortage, but prices keep increasing, and now they're needlessly tapping into food supplies!

http://businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm?chan=top+news_top+news+index_businessweek+exclusives

http://finance.sympatico.msn.ca/SavingsDebt/Insight/Article.aspx?cp-documentid=6619545

 :angry:

SavannahLion:

--- Quote from: RayB on April 04, 2008, 01:00:25 pm ---No gas shortage, but prices keep increasing, and now they're needlessly tapping into food supplies!
--- End quote ---

Damn right. The use of Ethanol in gasoline is a ---gosh-darn--- joke.

I'm still disappointed by just how many brain dead people out there are convinced that Ethanol is the answer (or boosts, whatever the case may be) to petroleum fuel.

I'm stunned by how few people actually sit down and consider the following. That the growing, processing and shipment of crude ethanol (corn) consumes more energy than the total energy that a gallon of ethanol can ever put out. Ethanol doesn't gain us energy or even give us zero sum energy, it's a negative drain on our total energy needs.

Consider also that corn lobbyists is one of the primary reasons why nearly all of our nations food utilizes high fructose corn syrup, even in foods that have no business utilizing such a sweetener, and sugar tarrifs make up a too large portion of the cost of cane and beet sugars in the US.

To make matters even worse, it's expected corn growers are going to plant fewer acres of corn than last year, citing the higher costs of growing said corn (DUH!) and the higher prices per bushel. Farmers don't want to flood the market with corn and drive down the prices. WTF?

:badmood:

RayB:
I keep telling myself that the "gas shortage" is a clever way to manipulate people into moving on to vehicles that do not rely on oil-based gasoline, and in turn America would not need to rely so heavily on ties to the Middle East. In which case I can tolerate this manipulation. We do need to move away from gasoline! But Ethanol is not the answer.

myntik1:
I caught a fox news show the other day touting the air car.  There was a guy from Popular Mechanics who said it wasn't a hoax.  The thing will probably cost 80 grand to buy, but the technology is out there.

shardian:
Here is an interesting read for you:
http://www.spiegel.de/international/business/0,1518,538412,00.html


There is a possibility that your own retirement investments have a stake in oil commodities.

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