Hello Paul >On Thu, 20 Mar 2003 04:22 pm, murdoch wrote: > > On Wed, 19 Mar 2003 22:36:29 -0600, you wrote: > > > I was looking at the one year chart on > > > Light Sweet Crude Oil Apr 2003 (NYMEX:CLJ3) > > > http://quotes.ino.com/chart/?s=NYMEX_CLJ3&v=d12 > > > with a report below chart. > > > > > > Quite a steep drop the past few days. > > > Basically gone from $38 barrel to $30 > > > > I think it's more or less analagous to what happened in the first Gulf > > War. Once the uncertainty was removed, the price dropped. I don't > > know what would make it go back up, because you have a lot of push > > behind that drop. The "spiggots" have been open for some days or > > weeks now. However, a destruction of the oil fields I suppose could > > make things interesting oil-price-wise. > >so are we caught between a rock and a hard place here? if oil prices go up, >biodiesel becomes viable. but the economy goes bad. Prices go down, >biodiesel remains the domain of a few religious zealots...
Biodiesel is not the domain of a few religious zealots. In 2001, the European Union produced and used 300 million gallons of biodiesel. The same year, the US produced and used 35 million gallons (I think that was something like a 40% increase on 2000, or more). By 2016, the US expects to produce more than 800 million gallons. The Department of Energy says it supports six billion gallons by the year 2020. That would be 15.5% of the diesel consumed in North America at current rates of increase (heh!). Meanwhile a lot of other countries are getting into biodiesel production, at various scales of operation. It's here to stay. Fossil fuel overuse isn't here to stay. >personally I'd like to see tripple ledger accounting enacted in teh energy >industry... Yes! I'd also like to see biodiesel production wrested free of the agriculture commodity concerns such as Big Soy, ADM, Monsanto, Dow-Cargill, and indeed the NBB (not exactly religious zealots), and their rapeseed equivalents in the EU. Best Keith >-- >Dr Paul van den Bergen ------------------------ Yahoo! Groups Sponsor ---------------------~--> Make Money Online Auctions! Make $500.00 or We Will Give You Thirty Dollars for Trying! http://us.click.yahoo.com/yMx78A/fNtFAA/46VHAA/FGYolB/TM ---------------------------------------------------------------------~-> Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Biofuels list archives: http://archive.nnytech.net/ Please do NOT send Unsubscribe messages to the list address. To unsubscribe, send an email to: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
