I think the argument went something like:
1. Oil is getting more expensive
2. We can make ethanol from corn, etc cheaper than we can refine
gasoline from oil
3. Value of ethanol is higher than raw value of corm for food
4. lets produce lots of Ethanol and make a bigger profit than refining
gasoline or growing corn for food
5. Producing food is someone else's problem !
6. Our financial responsibility is to our share holders
7. We don't have share holders anywhere we might have a negative effect
8. Those we might have a negative effect on won't but our ethanol - it
costs too much
Argument ends.
On 12/05/2008, at 17:03 , Mark Newton wrote:
Can someone please remind me of the advantages of ethanol in fuel?
It strikes me that setting up competitive tension between the
world's fuel supply and the world's food supply seems like a bad
idea, but maybe the advantages outweigh the costs...?
- mark
On 12/05/2008, at 3:55 PM, Don Ingram wrote:
A while back I got to listen to a spiel from a company looking at
adding hydrous ethanol to diesel. Worked a treat and tests
confirmed it on large mining equipment and trains. Never heard of
since ;-)
The argument presented was that the worst place to add ethanol was
in gasoline as it increased the surplus of gasoline on the market.
Apparently the chief determinant on crude oil refining is the
diesel market requirement, the amount of gasoline produced is
driven by the amount of diesel required and as a result the
gasoline is always in surplus. Hence you see gasoline discounted
but never see diesel discounted. Sounded convincing at the time...
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I tried an internal modem, [EMAIL PROTECTED]
but it hurt when I walked. Mark Newton
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