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"How's Hubbert peak theory treating you?

Still debating the economics of ethanol in gasoline?"

--

THe USA peaked in 1971, and led to the oil shortages of the late 70s - when you couldn't even get gas at half the stations, we had odd/even rationing, and 8 gal limit on how much gas you could buy. I remember that.

Innovation in getting more out of wells, fracking, brought more on line as did deep ocean wells, but as you know, the oil companies are cutting back on exploration big time. It won't be long before you see oil hitting $100/bbl.

- ---

As to ethanol economics, it's a net energy loser but funds the agri-business with billions of dollars of $$$$. There is so much ethanol around they can't get rid of it all. You seen any adds for 'flex fuel' cars lately? Nope. See any E85 pumps any more? Nope - only in KS and a few other states will you even see one of them.

For every 1/10 of a tank of 'fuel' you get with ethanol in it, your fuel mileage goes down 10%. Buy 11 gallons of ethanol contaminated gas, and get the exactly the same miles as you would on 10 gallons of 100% real gas. You can buy real gas at marinas and all over OK. A few places in TX including Buc-Es.

Still around. Watching NG prices and oil prices. Europe is having fun wondering if Germany will cave on letting Russia take over the Ukraine instead of freezing to death this winter if Russia cuts off the NG supply. Interesting times.

t.
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