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Originally Posted by Titanium Cat
And they would be lying. It would take 10 years before the oil started flowing from ANWR and by then it would amount to maybe around 4% of US imports. Compared to global oil production it would only add a tiny amount to the supply, not enough to significantly reduce prices.
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Nobody is requesting you invest your money in drilling in Alaska. There are many willing to do it. Let them invest their money as they are convinced there is enough oil to make a difference.
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Originally Posted by Titanium Cat
You are, not surprisingly, sadly mistaken. It is you who should listen to his speeches.
Doesn't sound too critical to me. The push to cellulose ethanol is the new fad but as I said it is years away from significant production.
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In a speech President Bush gave on March 20, 2007 on Energy Intiatives at the Ford Motor Company, Kansas City Assembly Plant Claycomo, Missouri. He has given this speech numerous times.
And here in the Midwest you have seen a boom in ethanol production and ethanol usage. And the reason why is, is that corn-based ethanol is leading an amazing change in the country. We consume about 5 billion gallons of ethanol right now in America. That's up nearly fivefold in a relatively quick period of time. The problem we face is that right now the most efficient way to make ethanol is through the use of corn -- and that's fine if you're a corn grower, but it's not fine if you're a hog raiser, because that price of corn is beginning to affect the people who are raising hogs. And I understand that. That's why we're spending a fair amount of money on developing new types of technology that will enable us to use something besides corn to make ethanol -- whether it be switchgrasses, or agricultural refuse, or wood chips.