Posted on 02/24/2008 1:41:05 PM PST by ScratInTheHat
Saying it would drive oil back to that price assumes a lot about overall supply of both ethanol and crude that I don't think is true. Expansion of ethanol will certainly slow the rate of increase of crude, and if enough of it comes online, it might even lower the price, but I haven't looked at the numbers to say more than that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.