Out of all that gross income big oil could give up
that 4 billion in credits. I know that the term blender puts them in better light. But it is still big
oil companies. They still get in tax code 20 times
that in other allowances. That 4 billion is one thing of record and those who say that farms etc get a $1.50
can’t show where it is.
I was figuring a few more acres than that and total
overall corn acres larger, so that there would
be increase on the food side. There is so much unused
farmland in and out of gov programs. 30 million
in CRAPPY, and twice that much other.We went by a
dozen fields today that are getting planted for the
first time in many years. Good land where the guy
who was there farmed once, old/retired/died, land went
idle or in CRAPPY. Now farmers who are there in communities are bigger, and can take it on
and produce corn, grain, hay.And average output per acre
has increased also about 3 bushels/yr for last 15 yrs.
That is same adding 3 million acres to the 92 million
we had last year.We may see 100 million in corn next couple years. and still could increase other crops.
There is no reason not to as ther eare markets needing
the supply.Ed
I meant gasoline.
The gas stocks are above average and refineries are
doing maintenance now, so demand for oil is down
as I said, as you’d expect when refineries aren’t running full speed. But yet the news is all shortages,
speculators play their games, based on news, controversy,
and they take turns jacking it up.
Oil is up in price. Global demand for oil is up.
The largest price component of gasoline is crude oil and it is up.
The cost of crude oil has risen more than any other component cost of gasoline.
Gasoline Pump Data History
http://tonto.eia.doe.gov/oog/info/gdu/gaspump.html