CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Monday, June 09, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- The Corn-Ethanol Industrial Complex
- U.S. Policies Put Most U.S. Oil Off-Limits to Dril...
- Searchable Database for Campaign Contributions
- Very Unusual Pet: Jessica The Hippo
- Largest Real Minimum Wage Increase in 50 Years
- Downward Sloping Demand for Unskilled Workers: Emp...
- New Ideas, Fueled By Trade, Are Source of Wealth
- 33 Gas-Guzzling Buses, Trucks, Vans and Limos?
- Is Min. Wage Behind the .50% Jobless Rate Jump?
- Crisis? What Oil Crisis? Not in Russia!
12 Comments:
Saudi Arabia said on Monday it will "soon" call for a meeting between oil producing and consuming nations to discuss what it called the unjustified rise in oil prices.
No matter what...gasoline for cars is yesterdays news.
It is time, and I mean right now, for technology to prove its worth.
A PC on every desk is fine. A car that can run cheap and clean is what we really need.
Live From Las Vegas
The Masked Millionaire
Folks, I ran into something I think is pretty interesting.
A 3 mi. sq area in every county in the U.S. would support one of
These
and, that would be, . . . oh, I don't know, . . . . 150 Billion Gallons/Yr? (100% of our present gasoline usage.)
And, if you'll notice, sweet sorghum is one of the feedstocks; and, it CAN be grown almost everywhere. Of course, in the Northern States you might want to use Tropical Maize. Also, this type of plant can, and is being, modularized. In addition, notice that they burn the bagasse for process energy.
With this type of process we can put about 300 people to work in every county, and tell the Saudis to "take a hike." Of course, there are counties in Nevada, and New Mexico where this might be problematic; but there are other options for those counties; and there are counties in the Midwest that probably produce 10 times this much.
The point is, Yes, we're running out of oil, and NO, we're not all going to starve, or go back into the stone ages.
Wiki's Zealots
I'm sorry to read this.
I love how people demand a cheap and clean car. If you think its so easy, you build it masked millionaire.
Noone owes you this car. Noone owes you anything.
and, that would be, . . . oh, I don't know, . . . . 150 Billion Gallons/Yr? (100% of our present gasoline usage.)
I'm Really a "Greeat Guy;" but, I don't do the maths worth a durn.
That should have been 75 Billion Gallons. (We only had 3,000 counties the last time I looked.) :]
Well rufus if this is such a great idea as Ethanol Producer claims then why does it need tax dollars to float it?
BTW just how many acres of corn, sugar beets, and sorghum would be diverted from their original purposes to be making this ethanol?
How much would that drive up the prices of the products that were getting the harvesting originally?
Sounds like yet another libtard scam to me...
Ah, Juandos, like I just posted on the other thread, we've got scads of unused land suitable for these undertakings.
The ethanol industry has to have some help getting started because they're going up against big oil, and the Sauds. The "Killer" is that the oil companies own the Distribution chain.
They've already cut the Tax Credit a little bit, and they'll probably whittle it down as we go along. BTW, all that tax credit is is a "sop" to the oil companies. It goes to the "Blender;" and, in most cases, They are the "Blender."
It's estimated that the 8.8 Billion Gallons of ethanol that we're blending at present is knocking the price of gasoline down somewhere between $0.50 and $1.00 Gallon.
Hey rufus this comment by you is interesting since I heard something on local radio that wasn't nearly as optimistic: "It's estimated that the 8.8 Billion Gallons of ethanol that we're blending at present is knocking the price of gasoline down somewhere between $0.50 and $1.00 Gallon"...
Mind you, I'm not calling you out on this since you usually seem to know something of credible substance...
Anyway some local gasoline distributor was on a morning radio show here in the St. Louis area and his claim was that adding ethanol was dropping the price somewhere between 3 cents and 5 cents per gallon...
That's one heck of a spread!
I couldn't locate anything yet on Energy Department site but I'm not sure I'm even using the right search terms...
Juandos! A Gasoline Distributor "po-mouthing Ethanol?!?" Say it Ain't So!
Here's a study undertaken by Ia State Univ that put the effect Between $0.29, and $0.40 Gallon.
Another article in the WSJ by a Merril Lynch analyst put it at about 15%. Others have gone as high as a dollar. Obviously, no one can know for sure; but with oil supplies as tight as they are that 600,000 barrels/day has to be having some effect.
Natural Gas fueled vehicles have been around for over a hundred years...
At about half the cost of gasoline natural gas might be part of the solution.
Honda has it's GX that is natural gas fueled.
If you so desire, you can refuel at home with a Phil home refueling station.
Ok, wasn't it like only 10-20 years ago that the big scare was depleating soil and declining water tables from over farming ("factory farming") and that people needed to eat less and drink less or something like that to fix the problem? I remember way back in the 80s I had a professor that said he was disapointed that AIDS didn't look like it would bring the population down enough to save our water tables.
Now, more farming will save us. Sheesh.
Regarding the cartoon, I thought it was very funny until I remember we get what, 30% of our oil from people dressed like the nice Arab looking gentlemen in the cartoon? Are they setting the prices? Are the prices high because we won't drill our own dang oil? Maybe it should be a picture of Nancy Pelosi and Saint Obama (to be fairl, maybe a little McCain in the corner too) doing the oilboarding of our citizens.
And speaking for clean cars, what about much more nuclear power providing cheap electricity used to charge air bottles to run our cars? That has also been around for 100 years and is much cleaner and safer than batteries or natural gas, and for people who want to change the climate 100 years from now (good luck on that) it also produces little to no CO2. So there.
Post a Comment
<< Home