On Tue, Jan 27, 2009 at 11:37:55PM +0300, ashok _ wrote: > The government and donor agencies threw in tons of money into biofuel > on the back > of high oil prices, and demand. The free money created an artificial
The demand reduction has not been all that dramatic (4% a couple months ago when I looked, it's probably a bit more now, since we're still in freefall). > demand. Now the > free ride is over - and so is the demand. Current prices are below production for most locations. Since we're at Peak Oil this means expensive infrastructure invesments have stopped. Do not fear, the prices we're going to get soon will make everything you seen so far look like total bargains. Of course short-term synfuel and renewable investments are totally screwed, too. I've never been too impressed with humanity's collective intelligence, but this is just ridiculous. -- Eugen* Leitl <a href="http://leitl.org";>leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE
