Hi T Bell,
I've read and heard the same info that Bill referenced. The Economist reports on a lot of this kinda info - so check there for same. The national media and the sunday political shows have also recently reported the same stuff.
I live here in the mid-west and both my uncles are corns/bean farmers. Lots of the corn is being put into ethanol production - and pulled away from other uses. Indiana (where I live) alone has something like 42 new ethanol production facilities using almost everything we can produce here in Indiana and the surounding states. Both my uncles have had record profits for their grain these past 2 years. (neither one of them believes that ethanol is the solution to our problems - and is just making the food issue a bigger problem)
And there is also the effect that China currently has on oil prices. They project they will use 30% more oil just this year alone as they increase their manufacturing facilities and industry. And since OPEC has stated they will not increase the supply - that will greatly effect the availabilty and push prices to the 200/barrel mark as projected this weekend.
Bring on Hydrogen and those fuel cells !!!!! (IMO - the rest of these solutions are just short term steps)
Jim
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