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Strategies & Market Trends : US Inflation and What To Do About It -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (113)6/21/2010 11:44:50 AM
From: rr_burns  Read Replies (1) | Respond to of 1504
 
Gasoline is running about 85 cents/litre. Vegetable oil is about a 1$/litre. Alcohol (5% concentration) is about a $4/litre ( and heavily taxed)- we call it Beer.

Not many realize how cheap oil actually is. When it has to compete with food in pricing things will get disruptive socially and economically. Not apocalyptic, but defintely messy.



To: RetiredNow who wrote (113)6/23/2010 10:00:00 AM
From: Eric  Read Replies (1) | Respond to of 1504
 
Unfortunately the efficiency of plants is pathetic in converting solar energy into stored matter. When you look at sugar cane in the process of converting it to ethanol the efficiency is a little over 1%! That's right, only about 1.5%!

Current state of the art PV's are over 20%.

My brother (biologist) many years ago pointed out to me how poor plants are on the "efficiency" scale.

I wish we had an infinite supply of fossil fuels but we don't.


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