Re: Ethanol and Oil&Corn Prices
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The reality is that oil will be the main source of energy for many generations to come as is obvious in our presence in Iraq, which was a strategic decision to assure a source of fuel for future generations.
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Oil can't be the main source of energy for generations to come.
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I would say oil will be the main source of fuel for at least the next 50 yrs but more like 100yrs. Pure speculation, I also feel that oil companies will take the forefront in new fuel. They have there resources, capital and initiative to create a new fuel when oil no longer becomes abundant. Why would a company that is so profitable like say Exxon not secure its own future in alternative fuel if oil was going to be gone within the next generation? I can imagine a stockpile of alternative solutions to our energy problems stored away in some cabinet in a safe locked away in a forgotten place. Ideas that were likely bought out in order to insure oil was profitable. Something about a carburator that could run 1000 miles a gallon? [img]/images/graemlins/grin.gif[/img]
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