BIOFUEL DISASTER -- THANK CONGRESS & GREENIES!!

Vanity Press ^ | 04-26-08 | cww

[epow]

We don't need ethanol, we need to be drilling for the oil and antural gas that lies under the coastal waters around the US. The ecofreaks have managed to keep us from drilling into the 10 billion barrel oil field in Alaska, but the bigger outrages is that the energy reserves lying under the continental shelf off our shores is estimated by the U.S. Interior Department at more than 115 billion barrels of oil and 633 trillion cubic feet of natural gas available for extraction. At current levels of consumption, that would satisfy the nation's oil needs for about 16 years and its natural gas needs for about 25 years. The problem is of course that the ecofreaks have so much influence in Congress that we aren't allowed to drill those offshore reserves.

All the while China is pumping crude out of the Florida Straits where a 10 billion barrel oil field has been off limits to American oil companies for decades because of ecofreak fears that FL's beaches might be contaminated by oil spills. The irony is that China doesn't care if Florida's beaches are fouled by oil spills, and American drillers are experts at preventing those spills. So OUR oil is going to China despite the oil spill danger, which is far more likely to be spilled by the Chinese than by our own oil drillers, and the 115 billion barrels of oil and 633 trillion cubic feet of natural gas that lie within our coastal waters is off limits to American companies.

If a Martian invasion force landed in Washington and sized up how Congress is totally bungling the oil and gas crisis almost beyond belief, they would say "these people are too stupid for us to bother with enslaving them, let's go invade a planet where intelligent life exists".

[fightinJAG]

The biofuel mandate policy of the United States (and other well-meaning, but economically ignorant, governments) has caused this looming disaster.

The United States is in this position because Al Gore cast a tie-breaking vote for this mandate.

Another reason why it matters if the Rats have the White House.

[Freedom4US]

Wheat took off when there were reports from Australia of a drouth, I don’t follow the markets extremely closely but a lot closer than many - and that incident seemed to be a good demarcation of the commodities run up, though not just wheat. Why, I don’t know - but that’s the when.

[RightWhale]

The ethanol mandate is certainly leading to higher food prices.

Perhaps some truth in that. Oil remains the main force.

[machenation]

I meant my point might be off the wall.
But, low sulfur adds only a small percentage to the cost. Heating oil is crazy too. I haven't heard of sulfur standards on heating oil.