[mdlug-discuss] Ethanol vs gasoline economy [Was: [mdlug] Automotive technical info ...]

[Robert Adkins]

Wolfger wrote:
>
> Sure. It's helping on a personal scale, but definitely not on a
> nationwide scale. One look at the price-per-gallon ought to tell you
> what a devastating effect this war is having on our economy overall,
> not to mention the billions of dollars that are being wasted, which
> could be put to much better use. I don't think "a plant somewhere in
> the south" compares to that.
>   
    The price of gas has more to do with increased demand for oil 
worldwide.

    China, India and Mexico have been gobbling up oil at an ever 
increasing pace. The last time we had historically low prices for oil 
(mid-90's) was when the Asian markets crashed and they lacked the 
revenues to purchase oil in the quantities that are being gobbled up today.

    As the demand skyrockets, the price of oil will only increase, 
regardless of whether or not we stay in Iraq.

    If we pulled out of Iraq this week and everything became perfect in 
Iraq, which would be awesome, the price of oil would still be steadily 
increasing. Global supply is simply unable to keep up with the demand.

    Which is another reason we need to rebuild our manufacturing base so 
we can, once again, return to the forefront of figuring out real 
solutions to real problems, as the US has historically been able to do.

    -Rob