then use biodiesel. That stuff seems to work rather well"
Yes it does. Bet Crisco would love a multi-billion dollar contract for veggie oil and we would all be paying $1.00 a gallon for it retail. Only need real gas or deisel blend to warm up the engine. A company in Conneticut sells the converter kit to do just that for around $800. Real problem is that we are super busy or lazy and most of us don't want to bother to go down to the local Mcdonalds or Chinese place to fill up for free. Some people do not know these alternatives are beginning to exist.
from http://www.forbes.com/finance/feeds/afx/2005/08/17/afx2183733.html
"At 4.49 pm, new front month October-dated Brent futures contracts were down 1.46 usd 63.60, well off Monday's record of 66.85 usd.
"Meanwhile, US benchmark September-dated contracts were down 1.53 usd 64.55, also well below the record 67.10 set on Monday."
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Brent down $3.25 since Monday. Sep -$2.55 since Monday.
The next week could be really interesting in oil futures.
The question I never see asked is, just how much of this "biodiesel" oil is available? IOW, suppose we get a million vehicles running exclusively on it, is the supply there realistically? Will there be long lines at MacDonalds instead of the Mobil station? Just kidding on that.
Seriously, providing veggie oil in these kinds of quantities is a completely different animal than a few thousand cars hitting restaurants for their leftovers.