Interesting that the oil lobbyists forget that one reason it costs a lot to make ethanol is because they still have to use petroleum products to run their machinery and fertilize the fields.
The real culprit behind oil prices is us. Consumers in the US, China, Europe, and India aren’t cutting back. In fact, the growing economies in China and India are encouraging more people there to buy cars as a status symbol. Considering the car buying population of those two countrise is about 500 million, we’re only seeing the tip of the iceberg now. I predict the first mass-marketed electric car will come from one of those two countries.
Interesting that the oil lobbyists forget that one reason it costs a lot to make ethanol is because they still have to use petroleum products to run their machinery and fertilize the fields.
The real culprit behind oil prices is us. Consumers in the US, China, Europe, and India aren’t cutting back. In fact, the growing economies in China and India are encouraging more people there to buy cars as a status symbol. Considering the car buying population of those two countrise is about 500 million, we’re only seeing the tip of the iceberg now. I predict the first mass-marketed electric car will come from one of those two countries.