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To: elmatador who wrote (50528)	5/27/2009 3:02:52 AM
From: Maurice Winn	3 Recommendations Read Replies (1) \| Respond to of 219609

ElM, BP was never an enemy of ethanol. It was simply a matter of lack of economics. BP wasn't interested in lobbying for ethanol because it didn't and doesn't make economic sense. <“If the government is going to make a market happen, we needed to be able to participate commercially in that market,” Mr. New said. > That's the reason for the ethanol investments. As I used to argue in BP, BP is in the capital investment business rather than simply the wholesale processed crude oil business. BP is now widening activities to ethanol production because governments are dictating ethanol. We used to run a LOT of R&D on ethanol and methanol. The refiners would say, "But Mqurice, you are talking about shutting down the Californian refinery industry by establishing methanol". My argument was that BP Oil was in the liquid fuels business and that DuPont and others would be only too happy to fill the gap if BP didn't act and methanol became the most desirable fuel. You seem to think ethanol has just been invented, in Brazil. I guess Ricardo did plenty of testing of ethanol 100 years ago. Ricardo did a LOT of engine development work. Google would be able to tell you the history of ethanol as a motor fuel. I used to drive around in a 99% methanol car in 1983 and ran a test programme on several. The other 1% was deionized water which was a great corrosion inhibitor for aluminium [counterintuitively]. Mqurice