E85 etc
Whether by coincidence or design, both "Dateline NBC" and "60 Minutes" had pieces last night on ethanol. Was it 11 years ago that South Point Ethanol shut down because the market couldn't support the ethanol industry despite all the subsidies it received? And now a new ethanol plant might be built on that site.
We will have E85 and other fuels when we demand them. People are buying hydrid cars even if they are a bad deal for most of us over the long run. Not only is their price higher, but we really don't know how long their batteries last or how much it will cost to replace them.
Today's high gasoline prices are more of an inconvenience than anything else. Let's hope we're moving past the demagogue stage and into the acceptance stage. What are those stages of dealing with energy prices again? Shock, disbelief, anger, bargaining, acceptance. . .
