Saudis Signal Support for OPEC Cut

[Donger]

http://hosted.ap.org/dynamic/stories...10-19-09-53-09

DOHA, Qatar (AP) -- Saudi Arabia's oil minister said Thursday that his country supports OPEC's proposed 1 million barrels-a-day production cut.

"We will try to make the market balanced," Ali Naimi said, ending two weeks of silence from the world's largest oil producing nation and giving a quick jolt to oil prices.

Naimi's statement came as the cartel's oil ministers gathered in the capital of Qatar for emergency talks on cutting output after a price decline of more than 25 percent since mid-July.

Light sweet crude for November delivery rose 70 cents to $58.35 a barrel in electronic trading on the New York Mercantile Exchange.

[InChiefsHeaven]

You have to have a certain type of engine to run E85 anyway don't you?

[ptlyon]

Originally Posted by InChiefsHell

You have to have a certain type of engine to run E85 anyway don't you?

Yes.

[jjjayb]

Originally Posted by Kyle401

This only confirms that we can not convert to E85 fast enough.

Screw the oil countries, we got corn.

We've got oil too. I say screw the Caribou, lets start drilling in Alaska.

[Kyle401]

Originally Posted by Donger

Unfortunately, ethanol isn't a viable solution. We could convert all of our fields to ethanol production and still not have enough. I'm all for it as a supplement, but not as a replacement.

2.8 gallons of ethanol/Bushel of Corn.

U.S. Corn Production 9-10 Billion Bushels per year.

Annual U.S. Gasoline Consumption = 21.9 Billion gallons per year

If all the Corn in the U.S. (at today's production levels) were converted to ethanol (process leaves high quality feed byproduct), we would generate ~26.6 billion gallons of ethanol per year. Approximately 21% greater than our current gasoline consumption and 36% greater than the quantity needed to completely convert to E85.

In 2000, the U.S. produced approximately 35% of our total oil consumption. If we could reduce our gasoline consumption 85%, we would be nearly independent from foreign oil producers.

[Kyle401]

Originally Posted by InChiefsHell

You have to have a certain type of engine to run E85 anyway don't you?

This should be a larger issue in Washington but seems to be largely ignored. There is no excuse for allowing new vehicles to be produced without flex fuel engines.

[Mr. Laz]

Originally Posted by Donger

Unfortunately, ethanol isn't a viable solution. We could convert all of our fields to ethanol production and still not have enough. I'm all for it as a supplement, but not as a replacement.

what he said

corn is only a gas saving supplement.



it's no solution ... in the short or long term.

[Mr. Laz]

Originally Posted by Kyle401

2.8 gallons of ethanol/Bushel of Corn.

U.S. Corn Production 9-10 Billion Bushels per year.

Annual U.S. Gasoline Consumption = 21.9 Billion gallons per year

If all the Corn in the U.S. (at today's production levels) were converted to ethanol (process leaves high quality feed byproduct), we would generate ~26.6 billion gallons of ethanol per year. Approximately 21% greater than our current gasoline consumption and 36% greater than the quantity needed to completely convert to E85.

In 2000, the U.S. produced approximately 35% of our total oil consumption. If we could reduce our gasoline consumption 85%, we would be nearly independent from foreign oil producers.

and how much oil/gas must be used to grow all the corn?

[Donger]

Originally Posted by Kyle401

2.8 gallons of ethanol/Bushel of Corn.

U.S. Corn Production 9-10 Billion Bushels per year.

Annual U.S. Gasoline Consumption = 21.9 Billion gallons per year

If all the Corn in the U.S. (at today's production levels) were converted to ethanol (process leaves high quality feed byproduct), we would generate ~26.6 billion gallons of ethanol per year. Approximately 21% greater than our current gasoline consumption and 36% greater than the quantity needed to completely convert to E85.

In 2000, the U.S. produced approximately 35% of our total oil consumption. If we could reduce our gasoline consumption 85%, we would be nearly independent from foreign oil producers.

You're assuming that ethanol is as efficient an energy source as gasoline.

It is not, not by a long shot.

[Donger]

Originally Posted by Kyle401

2.8 gallons of ethanol/Bushel of Corn.

U.S. Corn Production 9-10 Billion Bushels per year.

Annual U.S. Gasoline Consumption = 21.9 Billion gallons per year

If all the Corn in the U.S. (at today's production levels) were converted to ethanol (process leaves high quality feed byproduct), we would generate ~26.6 billion gallons of ethanol per year. Approximately 21% greater than our current gasoline consumption and 36% greater than the quantity needed to completely convert to E85.

In 2000, the U.S. produced approximately 35% of our total oil consumption. If we could reduce our gasoline consumption 85%, we would be nearly independent from foreign oil producers.

So, we'd all starve and still not have enough ethanol to power our vehicles.

Sorry, but like I said, a good supplement but not a replacement for gasoline.

[Kyle401]

Originally Posted by Laz

and how much oil/gas must be used to grow all the corn?

Uh, I don't know if you noticed but... sun, soil, and rain cause corn to grow. Not oil.

[Donger]

Originally Posted by Kyle401

Uh, I don't know if you noticed but... sun, soil, and rain cause corn to grow. Not oil.

Please tell me you're kidding.

There is a net energy loss in producing ethanol. In other words, more energy is required to produce it than is left in the final product.

[Kyle401]

Originally Posted by Donger

You're assuming that ethanol is as efficient an energy source as gasoline.

It is not, not by a long shot.

Perhaps you missed the part about being able to outproduce our current demand buy 36%. E85 vehicles are typically approximately 20-30% less efficient overall.

[jiveturkey]

Originally Posted by jjjayb

We've got oil too. I say screw the Caribou, lets start drilling in Alaska.

We already are.

[Mr. Laz]

Originally Posted by Kyle401

Uh, I don't know if you noticed but... sun, soil, and rain cause corn to grow. Not oil.

does a magic fairy come along and fertilize?

do hobbits come along and harvest?


and who processes ... little bo peep?




saw a report somewhere that said it takes 1 and 1/4 gallons of gas to produce a gallon of ethanol. That report was old ... but it's still fairly applicable.

[oldandslow]

Originally Posted by Kyle401

Uh, I don't know if you noticed but... sun, soil, and rain cause corn to grow. Not oil.

And that thing they are using to plant the corn runs on what...

And the stuff they put into the ground that makes the 300 bushel per acre corn is made out of what....

And the liquid they spray to keep all the little buggies and weeds out of the corn is created from....

You only get one guess now...it has 3 letters...starts with an o...

by the way if ethanal is 20 to 30% less efficient - and it takes 3 quarters of a gallon of corn to make one gallan of ethanol...

Where are the savings?