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How Ethanol Keeps Oil Prices Low
By Mr Ethanol | April 29, 2008
Automotive.com:
In recent months, ethanol has been taking a public relations hit.
Pundits are saying that the grand experiment meant to reduce our dependence on foreign oil is actually contributing to the damage of the environment.
They point to a number of things from the deforestation of rainforests in order to come up with the resources to make biofuel or the land to grow the proper plants for use in ethanol and other biofuels.
They point to the fact that more energy is consumed making the ethanol thus causing more pollution.
They point to the rise in the price of food because part of the foodstuffs are being used to make ethanol and not being consumed as food. In short, the so-called experts are piling on. Read more.
Topics: Ethanol, Oil, Prices |
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