What Ethanol Does And Doesn't Do (PDF)
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Forum Discussion
Alcohol burns cleaner than gas. I don't think there's an argument there. If, as a gasoline mfg, I can boost octane by buying and blending cheap alcohol, I'm a winner.
One of the biggest crimes was indoctrinating the US public to believe we were dependent on foreign oil. Every time a bullet whizzed in the Mideast, US oil companies were at the ready to jack prices.
The truth is, nearly all oil produced in Alaska is going to Asia. Those Asian nations trade US Big oil in vouchers for Mideast crude. When accounting for where our oil comes from, it appears that a lot of it is from the Mideast when, in fact, US Big Oil is trading for that oil from US stock.
Now that the Bakken can pump as much as the Mideast, the game changes. The Bakken oil is easier to refine than WTI for fuel stock and that is where the big money is. Not only is it more profitable to make fuel but our aging refineries are built for that purpose.
One night, in Puerto Rico, a VP of Union Carbide told me that instead of us taking their aromatics back up to Louisiana to be refined into thinners and such, they'd rather we take it 250 miles out and dump it. That was a bit counter to how the other nations in the Caribbean wanted petroleum to be handled, lol.
As consumers, we see little of how oil is processed and the economics of it. As long as there is gas or diesel at the pump, we are comfortable.
One of the biggest crimes was indoctrinating the US public to believe we were dependent on foreign oil. Every time a bullet whizzed in the Mideast, US oil companies were at the ready to jack prices.
The truth is, nearly all oil produced in Alaska is going to Asia. Those Asian nations trade US Big oil in vouchers for Mideast crude. When accounting for where our oil comes from, it appears that a lot of it is from the Mideast when, in fact, US Big Oil is trading for that oil from US stock.
Now that the Bakken can pump as much as the Mideast, the game changes. The Bakken oil is easier to refine than WTI for fuel stock and that is where the big money is. Not only is it more profitable to make fuel but our aging refineries are built for that purpose.
One night, in Puerto Rico, a VP of Union Carbide told me that instead of us taking their aromatics back up to Louisiana to be refined into thinners and such, they'd rather we take it 250 miles out and dump it. That was a bit counter to how the other nations in the Caribbean wanted petroleum to be handled, lol.
As consumers, we see little of how oil is processed and the economics of it. As long as there is gas or diesel at the pump, we are comfortable.
