Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mark Adams who wrote (46518)	2/21/2004 5:41:30 PM
From: Maurice Winn	Read Replies (1) of 74559

Mark, 6 cents a pound is an important figure. That sets the maximum price which oil can go to. People in the Doomsters and Gloomster stream here have worried about oil running out and the doomsday scenario of USA SUVs coming to a halt. 12c a kilogram = 12c a litre [near enough]. Gasoline is 100c a US gallon = 25c a litre [near enough]. That's twice the price. It's true that sugar needs a little bit of processing to make it into vehicle fuel, but not much. It could be made into ethanol without much problem which would be excellent fuel cell fuel. The sun isn't going out any time soon, so the sugar supply isn't limited. There are vast tracts of land which can be converted to sugar production and that would increase the price somewhat as irrigation would be needed and other marginal land costs, but I doubt it would be a big deal. So although sugar isn't cheap enough to displace petrol or diesel as fuel, it's not a long way away. Mqurice

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