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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%Dec 19 4:00 PM EST
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To: TobagoJack who wrote (4508)2/25/2006 5:42:44 PM
From: Seeker of Truth  Read Replies (2) of 218631
 
If the US public is determined to get less dependent on oil, they can achieve much of this by converting to ethanol, EVEN THOUGH IT MAY NOT PAY, FINANCIALLY.
World wide, with 6.5 billion mouths to feed, it's a real question how much corn/sugar cane etc. can be grown for fuel use. The US is unusually farmland rich.
But coming back to the oil sands, my understanding is that when Canadian needs are taken care of the rest would suffice only for about a quarter of US consumption of oil. That's in the future when all the presently contemplated projects are running full blast.
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