In 1970 a barrel of crude oil cost a dollar and eighty cents. This week it hit a new high -- above 70 dollars. The result -- gas at three dollars a gallon and climbing coming to a filling station near you, not to mention fears of inflation and economic slow-down. All this because of jitters over a nuclear showdown with Iran, political unrest in Nigeria and unquenchable thirst for foreign oil...
Some say to get America on the road to energy independence it's time to embrace the so-called carbohydrate economy -- fuels derived from corn and other bio-mass. Imagine driving a car without consuming petroleum, or generating pollution, or making noise...or going to war for oil. Skeptics say they're dreaming, but with oil at 70 dollars a barrel maybe it's time to dream.
On Point Radio
4 Comments
Is it true that it takes about a gallon of gas (ethanol) to make a gallon of ethanol? In other words a net energy loss?
Sadly, ridding ourselves of fossil fuel consumption is not going to happen with GW and friends in office. Yes the technology's there, but GW and his buddies make too much money from oil. What do they care about the envioronment and the masses?!
Watch "The End of Suburbia: Oil Depletion and the Collapse of The American Dream"
It is apocalyptical but they certainly have a point.
...dont forget: a barrel in 1999 bottomed out at $12. How soon we forget. So long as gas prices go up we'll keep buying it and using it.
There is no reason for gas prices to be so high. On ly the market determines prices. So long as we buy gas at the Mobil at $70 a barrel, they'll keep raising the price until we stop buying. Oh well.
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