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Posted by Don Ocean on November 21, 2008, 1:11 am
Bipolar Bear wrote:
>> wrote:
>>>> Stormy:
>>>> It is a lousy fuel. It takes more energy to produce then it will
> expend.
>>>> It costs the taxpayer 55 cents a mixed gallon and it still can't
>>>> compete. The farmers love it. They pay $10,000 per share for the
> company
>>>> and usually buy several shares. This ownership gives them a guarantee
> of
>>>> a locked in high price for their corn and other alcohol producing
> crops.
>>>> This in turn has caused the companies to declare bankruptcies in a down
>>>> market that we are now in. The largest 2 producers along with about 9
>>>> smaller producers are here in South Dakota. The farmers are having
> another
>>>> Bumper crop year, but require higher prices as the fuel costs and
>>>> petroleum based fertilizers, insect sprays, etc have taken a helluva a
>>>> toll. A friend of mine borrowed over $800,000 in a production loan this
>>>> year. That is getting real common. many have borrowed several $million
> to
>>>> install windfarms. One super windmill costs about $1.8 million and is
>>>> projected to recover its investment plus profit in 7 years. I believe
> Hell
>>>> will freeze over first.
>>> Don, I have to disagree on the gasohol... as far as being a lousy fuel...
> My
>>> own experiences have proven to me that ita a lot better than just
> straight
>>> gasoline. Not only in better performance, and better fuel economy, but
> its
>>> that much less dependence on fossil fuels and its more environmentally
>>> friendly.
>> But it's a net-negative to produce, at least with current
>> technology. It takes more energy to produce than you get using it.
>> Big problem.
>
> Wanna bet me a Brazillion dollars ?.......
Even the Feds concede that it is not economically viable. The only up
side is the illusion that we use less petroleum products. If you still
doubt this, i will gladly sell you my 5 shares at what I paid for them.
>
> I will concede that given corn grown and when processed in the US the
> figures seem to be appx 1.3 ROI.
>
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