“…The fact remains that the energy input deficit alone is enough to kill ethanol until gasoline reaches $8 – $9 per gallon, without subsidies. Until this occurs, it will not be economic to replace gasoline with ethanol on a national scale.”
“Sinking or crippling a couple of the 50 supertankers as they pass each other every day in the strait (of Hormuz) would not be much of a challenge for Iranian gunners…ship-owners the world over would ban any attempt to navigate around the shipwrecks. A barrel of oil would quickly jump to $500 and gas would reach $12 a gallon…“
How High Can Oil Go, or Are We Prophets?
Tags: Add new tag, bomb, Bush, corn, ethanol, food, gasoline, Iran, mccain, prices, war
From a 2005 Mises blog discussion about the real economics of corn ethanol as a motor fuel;
“…The fact remains that the energy input deficit alone is enough to kill ethanol until gasoline reaches $8 – $9 per gallon, without subsidies. Until this occurs, it will not be economic to replace gasoline with ethanol on a national scale.”
Today, from an article on the Bush Administration’s imputed plans to “bomb, bomb, bomb, bomb, bomb Iran”;
“Sinking or crippling a couple of the 50 supertankers as they pass each other every day in the strait (of Hormuz) would not be much of a challenge for Iranian gunners…ship-owners the world over would ban any attempt to navigate around the shipwrecks. A barrel of oil would quickly jump to $500 and gas would reach $12 a gallon…“
Dwayne Andreas, please call your office.
(links courtesy of the Mises and Lew Rockwell.com blogs)