Deep Thoughts...

Ramblings of the easily distracted... Hey - what's that?

Thursday, June 29, 2006

"Putting the Fossil in Fossil Fuels"...

I just watched a video of a presentation by Vinod Khosla on Alternative Fuels.
It's a pretty compelling presentation, and he makes some really good points.
Would you rather support mideast terrorists, or midwestern farmers?

Some cars (like the Ford Escape) are able to accept Ethanol fuel already. (And it apparently
costs about $30 to convert a car to use either ethanol or gasoline.)

His "Page 1" recommendations:
  • require 70% of new cars to be Flex Fuel Vehicles
  • require E85 ethanol distribution at 10% of gas stations
  • legislate a "cheap oil" tax if it drops below $40/barrel (to combat possible price manipulation)
I think it might be time to look into Archer Daniels Midland stock soon.
More info on his web site here.

1 Comments:

Blogger ocgal22 said...

ADM is up 66% this year alone. The question is -- how much more can it go? Right now ethanol is produced with corn -- what other alternatives are there? There's only so much corn you can grow . . .

11:52 PM  

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