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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (151473)	5/19/2011 2:19:17 PM
From: Keith J	Read Replies (1) \| Respond to of 206085

Ethanol is a part of it, but probably up only about 300-400 thousand barrel/day from 2007 levels (10 billion gallons of annual ethanol production is ~650k/day). Increased domestic production is up almost 1 million barrels/day. Consumption of petroleum products is down by 1-1.5 million barrels/day. eia.gov KJ

To: elmatador who wrote (151473)	5/19/2011 3:22:15 PM
From: KyrosL	Read Replies (2) \| Respond to of 206085

Ethanol is part of it. As Keith said, it's about 400K bpd more now than in 2007. I think there is room for more drop because of better car gas mileage in the short term, and possible use of compressed natural gas longer term. Plus there is always the possibility of discovering a few giant fields in the Atlantic, like Brazil, if we ever get to explore there :)