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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (200045)	9/4/2012 5:41:45 PM
From: KyrosL	Respond to of 541777

Natural gas liquids may not be crude but their energy density is similar to crude and their use as feed stock for the chemical industry is vital. The revival of the US chemical industry owes a lot to their relatively low prices compared to world prices. World prices are pretty close to crude oil, so if we had to import them, the impact would be the same as importing crude oil. In many countries they are used as transportation fuels with excellent results. I estimate that US GDP would be more than 1% lower per year, if petroleum production in the US had remained stagnant during the first Obama term, with a double dip recession a distinct possibility. One can say that Obama will owe his second term to fracking, if he gets reelected.

To: Wharf Rat who wrote (200045)	9/4/2012 11:46:11 PM
From: Bread Upon The Water	Read Replies (2) \| Respond to of 541777

W: That reminds me; 10% or so of our gasoline is corn ethanol; the drought is wreaking havoc on the corn crop. That should raise gas prices again, and spark a discussion about food or fuel. Personally, I can cope with the idea of people starving better than I can with an empty gas tank. B: The answer is methanol, which provides the same function as ethanol, but is made from wood (I think) and not any grain.