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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (11840)	2/11/2011 2:15:12 PM
From: Alastair McIntosh	Respond to of 24210

There is no such thing as too much Canadian oil. Keep sending us your money. The backup at Cushing show the need for the Keystone XL project.

To: Wharf Rat who wrote (11840)	2/11/2011 3:50:56 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 24210

x on February 11, 2011 - 3:07pm Today I started buying wood pellets for heating. I have been heating using 2 corn stoves for about the last 5 years. But now with corn at about $6.60 locally it doesn't make economic sense anymore. Corn and wood pellets have the same heating value when burned. I bought some wood pellets today for $3.49 plus 7% sales tax or $3.73 for 40 pounds or .09325/lb. not counting Federal and State Income Tax on the .09325. A bushel of corn weighs 56 pounds but I don't have to pay sales or income tax when I burn it since I grow it. So the cost per pound is about $6.60/56 or .118/lb. meaning that recently corn has become more expensive than wood pellets by about 2.5 cents per pound. This has never happened before since I started burning corn. It may explain why corn stoves are not selling. One of mine was acting up so when I saw one marked down to $1200 from $1500, I bought it as a backup. Another reason they are not selling as well is that LP prices are down IMO because little corn was dried last year and natural gas is so cheap. Burning corn was nice while it lasted. And easy too. I just pailed it out of the bin and into the stove. With pellets I have to carry sacks from the store to my vehicle and then from it into the house which is more work. I do not believe these high corn prices will last long. But while they do, I'm switching to wood pellets as much as I can (if the price is right). theoildrum.com