What's the price of Gas where YOU Live?

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What's the price of Gas where YOU Live?

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LoooL I totally forgot that it was his last year Yess :D;D

btw Whos goin the win
 
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Woodrow said:
January first he becomes a common citizen and goes back to being a farmer in Texas.
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I thought his family was into oil - and I'm betting his financial portfolio is laden with stocks in Boeing, Halliburton and Blackwater.

The Ninth Scribe
 
Ninth_Scribe said:
I thought his family was into oil - and I'm betting his financial portfolio is laden with stocks in Boeing, Halliburton and Blackwater.

The Ninth Scribe
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They came to Texas in the 1950s when GB senior bought a cattle ranch in Beeville Texas. The Beeville ranch is now mostly a luxury ranch for hunting, golf etc, with no real production.

The Junior weed has a small farm in Crawford Texas. i doubt he has much income from it.

I suspect both of the Weeds have been "rewarded" by the big oil companies. I doubt if they have much stock in them, but I am certain the oil lobbyists have seen that they have no need for any oil stocks.
 
My biggest worry is what is going to happen when the grain and corn producers begin selling their crops for making E85 and stop producing it for food products.

From a press release in 2006.


Minneapolis - If only a quarter of proposed new Midwest ethanol plants come on-line, up to half of corn in Midwest states currently sent for export could be diverted to domestic ethanol production, according to a new report issued today by the Institute for Agriculture and Trade Policy (IATP). Recent projections by the U.S. Department of Agriculture concur that a significant portion of corn for future ethanol plants will come from exports.

Source: http://64.233.169.104/search?q=cache:TTAD0bI5p34J:www.iatp.org/iatp/press.cfm%3FrefID%3D96657+USA+grain+and+corn+exports&hl=en&ct=clnk&cd=3&gl=us

well more then that have come on line and the grain exports next year will be considerably less. Meaning rising food prices and less of it for much of the world.

The surplus wheat and corn that fed much of the world will now be diverted to producing non-petroleum based fuel.
 
It was $2.09 per litre here in NewZealand. I filled up my car yesterday (fulltank), it cost me exactly $100.00.

A few months ago that same full tank of fuel would have cost me $80.00.

Beer is now cheaper than fuel,... so lets run our cars of heinekin.. :exhausted
 
SirZubair said:
It was $2.09 per litre here in NewZealand. I filled up my car yesterday (fulltank), it cost me exactly $100.00.

A few months ago that same full tank of fuel would have cost me $80.00.

Beer is now cheaper than fuel,... so lets run our cars of heinekin.. :exhausted
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I suspect you will soon see E85 available in NZ. It is much cheaper then beer and Petro. The fuel companies here that produce it are expanding at a tremendous rate. we may have escaped from dependance on Petro.


The United States Ethanol Market 2007
Product Type: Market Research Report
Published by: Ethanol Statistics
Published: August 2007
Product Code: R3510-2
Description
Between 2001 and 2007, U.S. fuel ethanol production capacity grew 220% from 1.9 billion to 6.1 billion gallons. Much of this growth was made possible by government regulation and legislation that actively supports the ethanol industry by creating mandatory ethanol demand and financially attractive investment opportunities in ethanol production capacity. The market is becoming mature with an increasing number of IPO’s, M&A activity and large R&D investments. Although the U.S. have become the largest fuel ethanol producer in the world, specific market characteristics such as the geographic distribution of production versus consumption, the lack of infrastructural development for fuel ethanol distribution and transportation, types of ownership and the limited production capacity of corn, will all have a significant impact on future development. This ethanol market report was written for professionals in the industry, to provide a clear understanding of the most important characteristics of the U.S. ethanol market.

Source:http://www.mindbranch.com/listing/product/R3510-2.html
 
Woodrow said:
My biggest worry is what is going to happen when the grain and corn producers begin selling their crops for making E85 and stop producing it for food products.

From a press release in 2006.


Minneapolis - If only a quarter of proposed new Midwest ethanol plants come on-line, up to half of corn in Midwest states currently sent for export could be diverted to domestic ethanol production, according to a new report issued today by the Institute for Agriculture and Trade Policy (IATP). Recent projections by the U.S. Department of Agriculture concur that a significant portion of corn for future ethanol plants will come from exports.

Source: http://64.233.169.104/search?q=cache:TTAD0bI5p34J:www.iatp.org/iatp/press.cfm%3FrefID%3D96657+USA+grain+and+corn+exports&hl=en&ct=clnk&cd=3&gl=us

well more then that have come on line and the grain exports next year will be considerably less. Meaning rising food prices and less of it for much of the world.

The surplus wheat and corn that fed much of the world will now be diverted to producing non-petroleum based fuel.
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i keep hearing that it takes more fuel to produce it than it yields. is that not true?
 
snakelegs said:
i keep hearing that it takes more fuel to produce it than it yields. is that not true?
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It takes 1.2 gallons of fossil fuel to produce 1 gallon of ethanol from corn. This total includes the use of fossil fuels used for fertilizer, tractor fuel, ethanol plant operation, etc. - but this formula is being disputed by the government (who removed some of the operational costs from the equation):

http://www.eia.doe.gov/pub/oil_gas/...ns/primer_on_gasoline_prices/html/petbro.html

The Ninth Scribe
 
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Woodrow said:
My biggest worry is what is going to happen when the grain and corn producers begin selling their crops for making E85 and stop producing it for food products.

The surplus wheat and corn that fed much of the world will now be diverted to producing non-petroleum based fuel.
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Yes, but you need to hear both sides of the argument:

A common objection to biomass energy production is that it could divert agricultural production away from food crops in a hungry world, leading to high food prices or even mass starvation in the poor countries.

True or not? At best it's an oversimplification of a complex issue. It just doesn't work that way, and neither does hunger.

Source: http://journeytoforever.org/biofuel_food.html
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The Ninth Scribe
 
snakelegs said:
i keep hearing that it takes more fuel to produce it than it yields. is that not true?
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It is kind of complex. I believe the very basic economics will put things in the proper perspective. The farmers get about $5 per Bushel selling corn to the ethenal plants and about $1 per bushel selling it for food.

The farmers make more money selling to the ethanol plants and there is no surplus or waste as even non-food quality and spoiled corn can be used.

The simple fact is the production of ethanol is being done by private businesses. They are doing it because they are making a profit. the profit will cease if it costs them more to make it then they can sell it for.

The ethanol is selling to the consumers at a much lower price than gasoline. The sellers make more profit from it than from selling gasoline. The Ethanol plants are making money and the farmers are making money.

Bottom line, no matter what the "facts" are saying. Ethanol is profitable and it is bringing lower cost fuel to the consumer.

The number of private ethanol plants is growing at a very fast rate in the mid-western states. The ethanol plants are popping up like mushrooms.

Check out Brasil which is now almost 100% ethanol for automobiles and even Venezuela, one of the largest OPEC producers, is getting into making ethanol. Chevron (which is Venezuela owned) is building ethanol plants in Texas.
 
Ninth_Scribe said:
It takes 1.2 gallons of fossil fuel to produce 1 gallon of ethanol from corn. This total includes the use of fossil fuels used for fertilizer, tractor fuel, ethanol plant operation, etc. - but this formula is being disputed by the government (who removed some of the operational costs from the equation):

http://www.eia.doe.gov/pub/oil_gas/...ns/primer_on_gasoline_prices/html/petbro.html

The Ninth Scribe
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Economics will eventually determine the true cost and profit. It is very difficult to tell what the actual cost is. But the farmers are making more money off of the corn they sell to the ethanol plants and want to see more ethanol plants built so they can sell more corn to them.

From what I hear talking to farmers and ethanol producers. the farmers get $5 a bushell selling corn to ethanol producers. the producers can make up to 10 gallons ethanol from a bushel of corn and wholesale it for about $2 per gallon. The consumer gets fuel for under $3 per gallon. At least it seems to be working that way in Minnesota and South Dakota.

the conversion cost for converting a late model car to burn ethanol and/or gasoline or any mixture of both is from $200 to $400 per car depending on engine size and type of fuel injectors. the older cars that do not use fuel injecters can be converted with a simple carburetor adjustment for under $50 or free if you do it yourself.

Bottom line if it can sell for a lower price than gasoline and a higher profit can be made, it will soon replace gasoline. The "facts" do seem to indicate it can not be done, but the entrepeneurs making deposists in the bank don't seem to be upset over them "facts". according to the "facts" of aeronautical design neither a bumblebee nor a C-124 can fly, hope they never get told the "facts"
 
Ninth_Scribe said:
I thought his family was into oil - and I'm betting his financial portfolio is laden with stocks in Boeing, Halliburton and Blackwater.

The Ninth Scribe
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When you become President and Vice President all of your finances have to be put into a blind trust. They have absolutely no control over what it's inveted in.
 
^ WOW And i thought america was expensive! Look at turkey and germany! Is this per gallon...in DOLLARS?!
 
Wooow look at greedy Turkey and Germany almost $12 im neva gonna ride a car there, I will be bankrupt :D
 
^ lool! seriously u will tho! thats sad why it so expensive!

Lets make this world together, get along, share the oil, make it like a dollar per gallon, and smile :D...........................................Pahahahhaaaa!!
 

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