Re: Ethanol and Oil&Corn Prices
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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.
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Unless people allow the world economy to contract over the next 100 years, I doubt oil will remain as the main source of energy.
Oil drives the world economy and production has just about peaked. There will no longer be cheap energy while oil is the main energy producer. Until a suitable replacement is found, ecenomic growth will be stunted by prohibitively sky-high energy costs.
Wide-spread usage of bio fuels will result in mono-culture ecological disaster and the stipping of the Earth's top-soil. The US government FULL well knows this...but hey, it's a vote winner.
Maybe turn the entire Sahara into one rather large solar panel?
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