Forum Discussion
eltejano1
May 27, 2008Explorer
Woodie, I don't know the economic mechanism behind it, but low interest rates
always seem to correlate with a weak dollar, which in turn raises the price of imported commodities like oil.
News today is a little better. New data shows that consumption is definitely down - about time! - and oil fell to $129 on that news, $5 less than Friday's high of $135.
Watched a documentary last night about making diesel and jet fuel from coal. The environmentalists are going to fight this tooth and nail - dirty process that takes a lot of cooling water. Not at all eco-friendly. I think there's a good possibility, though, that the greenies will be overriden as prices soar.
Environmentalism is a luxury that only extremely wealthy coutries can afford. Sad but true.
I also learned that sugar cane, which they use in Brazil, is far better than corn to make ethanol - higher sugar content = more alcohol. There's lots of land down here on the Gulf Coast that is presently in pine timber for paper production that could be converted to sugar cane. Grows like a weed around here.
Jack
always seem to correlate with a weak dollar, which in turn raises the price of imported commodities like oil.
News today is a little better. New data shows that consumption is definitely down - about time! - and oil fell to $129 on that news, $5 less than Friday's high of $135.
Watched a documentary last night about making diesel and jet fuel from coal. The environmentalists are going to fight this tooth and nail - dirty process that takes a lot of cooling water. Not at all eco-friendly. I think there's a good possibility, though, that the greenies will be overriden as prices soar.
Environmentalism is a luxury that only extremely wealthy coutries can afford. Sad but true.
I also learned that sugar cane, which they use in Brazil, is far better than corn to make ethanol - higher sugar content = more alcohol. There's lots of land down here on the Gulf Coast that is presently in pine timber for paper production that could be converted to sugar cane. Grows like a weed around here.
Jack
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