As usual, the liberals are all-a-gog over ethanol - at best it might replace 5% of our energy needs that are now produced by oil in the next 5 years, and with wind and solar it will be less than 10% in the next 20 years.
As technology advances, so does the population and the world wide demand for energy. We have a 400 years supply of coal but the liberals say it too dirty. Nuclear energy is too dangerous and oil shale and oil sand has huge deposits but no good way to get at it yet.
What we need now is to start drilling in Alaska and off the coast so we can become less dependent on foreign suppliers for our survival. We also need new refineries and they take 15 years to get approved and built.
We have gross amounts of oil that we can tap if only the Democrats will side with the rest of us that have to live or die by petroleum products. But, of causes, that would mean the liberal Democrats would want to help America. We all know that is completely false.
The Real Lesson of Brazil
Many Americans have the vague (and false) impression that a massive conversion to ethanol production eliminated BrazilÂs need to import oil. Brazil did indeed promote bio-fuel. But the real credit for ending oil imports goes to those evil oil drillers working in Brazil, unleashed on the environment by the same government earning greenie kudos for biomass conversion.
Brazil is better-known for its ethanol, but the bulk of what they are doing to gain fuel self-sufficiency is actually drilling for oil. Eighty percent of BrazilÂs energy is its own oil. Less than a week ago Brazil declared independence from imported oil amidst publicity for its ethanol promotion.
One offshore platform just opened in BrazilÂs South Atlantic this past weekend by itself will yield more energy than all the ethanol in Brazil.
Why canÂt the U.S. do the same and drill its own oil? ThatÂs something Congress ought to really be debating, not this price-gouging nonsense. InvestorÂs Business Daily has a good editorial about it.
The vision of America running on ethanol is a chimera.
Thomas Lifson 4 26 06
Wednesday, April 26, 2006
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