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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (49288)	9/15/2005 5:53:17 PM
From: Elroy Jetson	Read Replies (1) of 206143

By the way -- I'll give you one guess which oil company was responsible for promoting TEL (tetra ethyl lead) in place of Ethanol in the 1920s. Answer: Exxon, (using their former name Standard Oil Company of New Jersey). The demon seed has been bad from the start. GM and DuPont thought TEL was one possible solution to the higher octane needed by some of GM's new higher compression engines, but it was very expensive to produce (along with being quite toxic). Exxon developed an inexpensive was to produce TEL and took a large ownership position in the Ethyl Corporation along with GM and DuPont. Ethanol lost out -- too bad for us. When the GM and Exxon patents expired in 1948, DuPont ditched the Ethyl Corporation and produced TEL under their own name. With the introduction of catalytic converters GM, in an about face, demanded lead-free gas to prevent lead poisoning of the catalysts in their cars. .

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