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  #14 (permalink)  
Old 07-08-2008, 04:00 PM
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When a barrel of oil is removed from the ground it takes six months before it will be at the pump for you to use. If we found a billion gallons of oil tomorrow to be used in our market it wouldn’t do anything, since we have a hard time refining the oil we already have, mainly because there have been no new refineries built in the last twenty years. We have Chevy producing 90 % of their new cars to be able run on E85 made from corn. In Florida we have 4 stations that sell E85 and only two are for public consumption the other two are for government use. E85 costs more than gas and when you run E85 you need a higher compression ratio to run equal the miles per gallon as regular gas. Corn has always been a food source for man or beast the world over so the price of corn is getting higher and higher because we are making E85 and if we planted every inch of soil we have with corn it still would not do anything at the pumps.
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