[padre35]

Perhaps what you don’t understand about the oil industry is that even if we drilled ANWAR tomorrow, that oil isn’t “US oil” meant to be used domestically.

That oil goes on the world market, were we get to bid on it against China and India.

The market is more then happy to take their profits on oil no matter the cost to the consumer, and those costs will be rising, until eventually ethanol becomes “cheaper” meanwhile we (the consumer) will have to pay to compete with gas starved China an India until that price point is reached.

In 2020 the conversation very well could be: “Gas 8 bucks a gallon? Sure, good thing 5 years from now those ethanol pipelines will be up and running...”

I am suggesting that process be short circuited starting today if you please.

[ChildOfThe60s]

Well, I can see we are not going to agree, but before I quit for the night I’ll try this:

1- 3 mil barrels of oil a day more in US production would kick the bottom right out of prices. And we have the oil.

2 - There simply isn’t anyway now or 5 or 10 years from now we can produce ethanol in amounts significant enough to impact petroleum needs.

3 - The impact of accessing the clean coal we have in the continental US would be logarithmically greater than any potential ethanol production could be.

4 - Usually over looked in these discussions is the fact that the majority of a barrel of oil does not go to gasoline. Petroleum provides many thousands of products that can’t be made from biofuels.

[Axenolith]

8 dollar a gallon gasoline won't be form any supply or demand problem, it will be from the depreciation of the dollar. Gasoline is just as cheap as it's ever been, the dollars are just being firehosed out en masse and we (the consumer) are far enough down the disbursal line that the inflation from them is here before any benefit.

The $0.97 in this picture will still buy you at least 3 gallons of gasoline...