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I don't have to point to any reference on that other than my own experience. Pure
ethanol, typically corn alchohol, shouldn't go bad quick. What goes bad is the gasolines
we are using that are blended with up to 30% ethanol. Put some on your shelf
until 2012 and see what happens.
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I completely agree with all that, especially the part about fuel hitting a level where
it will be cheaper to use alternatives. That is a positive that I see in the higher
fuel costs. Necessity breeds invention.
Also, could you point me to a reference about why modern diesel is less efficient than the old technology? Because literally every single thing I have read and every driver and engineer I've spoken to, say the exact opposite.
I'm not sure I said modern diesel is less efficient. Biodiesel is less efficent but not the
processes we use to combust it. I may not be understanding you here but let me
give an example of what I mean. A town here in CT is using a bio/diesel misture in all
their diesel equipment including generators, my specialty. The trucks are getting less mileage per gallon, the generators are burning more fuel per kw, and the maintenance
costs have skyrocketed. I'm a field tech on the front lines. I see what these declared
miracle fuels really do.
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I agree with most of that. We get very little of our oil from the Middle East and Asia.
I believe the number may be 3% (from memory) Chavez is just another typical
South American dictator wannabe. His days are numbered.
I believe we can cut our fuel consumption through conservation by 20% and probably
another 20% through real and valid alternates. As our demand goes down as will
the price of oil, maybe???
Last point on fuel prices. The dollar is low causing the "cost" of oil to be higher. This
too shall change. Remember folks, it's an election year.