Price of gas around the world

Don't burn your food?? That might be the least of our worries. How about...don't burn the oceans? (Video)

Text info: http://wnd.com/index.php?fa=PAGE.view&pageId=41838

Dunno. This almost seems deja vu. Maybe posted in the old forum?

$200 a barrel? And it's our fault says OPEC head.

Ah...fuel problem solved.

Oh...did anybody else see the stuff on the news, last night(?), with some farmer types testifying before Congress?  The little I saw they were emphasizing "field corn"...and something about burning your food.

Some farm congressman even showed an ear of corn, plucked a couple of kernnels and said something about it not being people food...people don't eat field corn.  (Something along the lines that gowning corn for ethanol has nothing to do with the price of groceries.)

Well, duh. Gee...how dumb do they thing we are. Lots of other things eat field corn...that we eat (beef). Or drink (milk). And they wind up planting less of other grains in order to grown more field corn. Less wheat, hay, etc.

Yup, corn is used for a lot of stuff and even if was only feed corn that causes the price of meat to go up. Sheesh.

Plus from what I understand a lot of land that is otherwise used for wheat is now being used to grow....corn.

But of course the real problem are subsidies which need to be cut out yesterday. I do understand why they are done but still, paying through the nose not to grow stuff is nuts.

Maybe I could be a successful farmer after all?

Just read another story kind of along the same vein.  (Land switching to better cash crops.)
Ah. Found it: From rice to rubber.

Just a thought. Wish I'd live a lot longer than I will...along with maybe Michael Moore.

They've bashed the U.S. for over-consuming, underpaying, pollution, OSHA and EPA related stuff, and countless other abuses.  Now China is just starting to awaken. And it's hungry. (China 1.3 Billion vs U.S. 300 million.)  Wonder if these same U.S. bashers will pick on China after a while. (The latest National Geographic  (May 2008 China on the Move) has a reather lengthy feature on China's economic expansion and challenges.) 

I would tend to believe the article.  It's not the first I've read about how much petro based fuel it takes to make a gal. of ethynol.  And it also takes a ton of water so I read (figuratively speaking).  Those things alone makes corn ethynol a dumb idea IMO.  As much oil as we run thru daily I just can't see growing enuf corn to help the situation anyway.

Interesting. With some apparently it's not the subsidies, rather the ROI. (A little dated...from 2005...from some background papers I was reading while looking up ethanol subsidies):

Oil get's big subsidies, not ethanol.  Wrong by 54 times! "Ethanol Today," (8/'05) states "Five years ago, a US General Accounting Office report showed that ethanol had received $11.6 billion in tax incentives since 1968, while the oil industry had received over $150 billion in tax benefit over the same period..... But the oil industry produced 1068 times more energy so the subsidy rate per unit energy was 54 times higher for ethanol. That's like ethanol gets 54¢ and oil gets 1¢........

The news media keeps reporting the "average" price of regular is now $3.6x.  I wish. Hey, what can I say...we're just  above average here. It was $3.87...now $3.95.  We're doing fewer and fewer trips.

Huh?? Wonder who wrote this "Why gas prices need to stay high" opinion. 

But US drivers may also know it's time to pay a price to curb global warming.

Bet I'd be hard pressed to find even one person (drug free) who would agree...

It was kind of an interesting news show with the Saudi oil guy this evening. Something to the effect of they are producting all the oil their customers have asked for. They can't produce more oil without having someplace to send it.

Hmm. Makes ya wonder.

"I think the president has no intention whatsoever of having the Saudis put more oil in the market," said Fadel Gheit, an industry analyst for Oppenheimer & Co. in New York. "If the president wanted the Saudis to do that, he would not have asked them publicly."

Rest of the article here:
http://seattletimes.nwsource.com/html/nationworld/2004418263_saudi16.html